How many franchised Chop5 Salad Kitchen outlets were materially different during 2023?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
, 1 of which is a Qualifying Restaurant. The table below summarizes the outlet statistics and the number of Qualifying Restaurants:
| Open | Outlets | Statistica | l Changes Dui | ring 2023 | Matarialla | Orralifrina | ||
|---|---|---|---|---|---|---|---|---|
| Outlet Type | Jan 1, 2023 | Dec 31, 2023 | Outlets Opened | Outlets Closed | Materially Differ |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–48)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, during the measuring period of January 1, 2023 to December 31, 2023, there were zero franchised outlets that were considered materially different. The document defines a 'Qualifying Restaurant' as one that isn't materially different from the franchised restaurant offered in the disclosure document.
During this period, Chop5 Salad Kitchen had no franchised restaurants in operation. The financial performance representation (FPR) includes data from one qualifying company-owned restaurant located in Polaris, Ohio. This restaurant is 1,980 square feet in size, and the FDD states that there are no material differences between its operations and those of a franchised restaurant.
Chop5 Salad Kitchen excluded data from one of its company-owned restaurants, the UCF Restaurant, because it is materially different from the franchised restaurant model. The UCF Restaurant is an experimental location established to test the model with a different demographic (college students). It is larger than the recommended size for a franchised restaurant, serves lower-priced menu items, offers student discounts, and incurs additional marketing and administrative expenses due to its role as a testing facility.