How many company-owned Chop5 Salad Kitchen outlets opened in 2021?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
| TABLE 1 - SYSTEM-WIDE OUTLET SUMMARY FOR YEARS 2021 TO 2023 | ||||
|---|---|---|---|---|
| Outlet Type | Year | Net Change | ||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 2 | -1 | |
| 2023 | 2 | 3 | +1 | |
| Total Outlets | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 2 | -1 | |
| 2023 | 2 | 3 | +1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–50)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, company-owned stores experienced some change during 2021. The system-wide outlet summary shows that Chop5 Salad Kitchen opened one company-owned outlet in 2021. At the start of 2021, there were two company-owned outlets, and by the end of the year, there were three.
Further details in the FDD specify the locations of these company-owned outlets. At the beginning of 2021, one Chop5 Salad Kitchen company-owned store was in Colorado and one was in Ohio. During 2021, Chop5 Salad Kitchen opened one company-owned store in Florida.
Prospective franchisees can use this information to understand the growth and geographic strategy of Chop5 Salad Kitchen's company-owned operations. It's important to note that while one store opened, the net change in company-owned stores was +1, indicating overall growth in that segment.