How many new Chocolate Bash outlets opened in California during 2021?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Year | ||||||||
| AZ | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| CA | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 2 | 0 | 0 | 0 | 0 | 6 | |
| Totals | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 4 | 0 | 0 | 0 | 0 | 8 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, there was one new Chocolate Bash outlet opened in California during 2021. At the start of 2021, there was one outlet, and by the end of the year, there were two. This indicates a net increase of one franchised outlet in California during that year.
It is important to note that while one new outlet opened, there was also one outlet sold to a franchisee during 2021. This means that while the total number of outlets increased, there was also a transfer of ownership for one existing location. This could be due to a variety of reasons, such as the previous franchisee deciding to sell their business or the franchisor reacquiring the location and then selling it to a new franchisee.
Prospective franchisees should consider these figures in the context of Chocolate Bash's overall growth strategy and market presence in California. Understanding the reasons behind outlet openings and transfers can provide valuable insights into the stability and potential of the franchise system in this specific region. It is also worth noting that the data provided only covers the period up to 2023, so further investigation may be needed to understand more recent trends.