How many total Chocolate Bash outlets were operating at the start of 2023?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 1 | 2 | +1 |
| 2022 | 2 | 4 | +2 | |
| 2023 | 4 | 8 | +4 | |
| Company-Owned | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 4 | 5 | +1 |
| 2022 | 5 | 7 | +2 | |
| 2023 | 7 | 11 | +4 |
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 a total of 7 Chocolate Bash outlets operating at the start of 2023. This number includes both franchised and company-owned outlets.
The FDD provides a breakdown of the outlet types. Specifically, there were 4 franchised Chocolate Bash outlets and 3 company-owned Chocolate Bash outlets at the beginning of 2023. This information is useful for prospective franchisees to understand the composition of the Chocolate Bash system.
Understanding the number of operating outlets at the beginning of a year, and the breakdown between franchised and company-owned, can give potential franchisees insight into the growth and stability of the Chocolate Bash franchise system. It also allows them to assess the brand's presence in different markets and its overall expansion strategy.