What was the total number of Chocolate Bash franchised outlets at the end 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, at the end of 2023, there were a total of 8 franchised outlets. This number reflects the growth of the franchise system over the years, starting from 1 franchised outlet in 2021 and increasing to 4 in 2022. The net change in franchised outlets was +4 in 2023.
Specifically, the data indicates that in 2023, 4 franchised outlets were opened, resulting in a total of 8 franchised outlets by the end of the year. This growth trend can be an encouraging sign for potential franchisees, suggesting an expanding market presence and increasing brand recognition for Chocolate Bash.
It's important to note that these figures pertain specifically to franchised outlets and do not include company-owned outlets, which remained constant at 3 during the same period. Monitoring the growth and changes in outlet numbers can provide valuable insights into the stability and expansion of the Chocolate Bash franchise system.