As of December 31, 2023, how many company-owned Chop5 Salad Kitchen restaurants were in operation?

According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, as of December 31, 2023, there were three company-owned Chop5 Salad Kitchen restaurants in operation. One of these restaurants was considered a "Qualifying Restaurant" for the purposes of the financial performance representation (FPR).

The FDD specifies that one company-owned restaurant was excluded from the financial performance data because it did not operate for the entire measuring period of January 1, 2023, to December 31, 2023. Another company-owned restaurant, referred to as the "UCF Restaurant," was excluded because it is materially different from the franchised restaurant model. The UCF Restaurant is larger than the recommended size for a franchised location and serves as a testing facility with different pricing and menu strategies targeted towards college students.

This information is useful for prospective franchisees as it provides a snapshot of Chop5 Salad Kitchen's operational structure at the time of the FDD's publication. Understanding the number of company-owned versus franchised locations can offer insights into the brand's development strategy and the level of support franchisees might expect. The exclusion of certain restaurants from the financial performance data also highlights the importance of considering the specific characteristics of the "Qualifying Restaurant" when evaluating potential financial outcomes.