How many company-owned Chop5 Salad Kitchen outlets were operating at the end of 2023?
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, at the end of 2023, there were 2 company-owned outlets. The FDD provides a system-wide outlet summary for the years 2021 to 2023, detailing the number of franchised and company-owned outlets.
The table shows that in 2023, Chop5 Salad Kitchen started the year with 2 company-owned outlets, opened 3, and closed 2, resulting in a net change of +1. This indicates the brand actively manages its company-owned locations, opening new ones while also closing others, possibly due to performance or strategic reasons.
For a prospective franchisee, this information is useful for understanding the scale of Chop5 Salad Kitchen's corporate operations and their growth trajectory. Observing the changes in company-owned stores can provide insights into the franchisor's investment and management strategies, which may influence a franchisee's decision to invest in the brand.