How many Chocolate Bash outlets closed in California during 2023?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| California | 2021 | 3 | 1 | 0 | 0 | 1 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 1 | 0 | 0 | 1 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 |
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 were no Chocolate Bash outlets closed in California during 2023. The provided table shows that the number of outlets at the start of the year was 3, and the number of outlets at the end of the year remained at 3, with no outlets closed during that period. This suggests a stable market presence for Chocolate Bash in California during that year.
For a prospective franchisee, this information indicates a degree of stability within the California market. However, it's important to consider this information in the context of other factors, such as overall sales performance, local market conditions, and the specific locations of the outlets. A deeper investigation into these areas would provide a more comprehensive understanding of the franchise's performance in California.
While no closures occurred, it is important to note that no new Chocolate Bash locations opened in California during 2023 either, according to the table. This could indicate a period of consolidation or a strategic pause in expansion efforts within the state. A potential franchisee should inquire about the reasons behind this lack of growth and Chocolate Bash's future development plans for California.