How many total Chop5 Salad Kitchen outlets closed in 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, there were no franchised Chop5 Salad Kitchen outlets that closed in 2023. Table 1, 'System-Wide Outlet Summary for Years 2021 to 2023,' shows that the number of franchised outlets remained at zero for 2021, 2022 and 2023.
However, the number of company-owned Chop5 Salad Kitchen outlets did change. At the beginning of 2023, there were two company-owned outlets. During 2023, three company-owned outlets opened. The net change in company-owned outlets was an increase of one. This suggests that two company-owned Chop5 Salad Kitchen locations closed during 2023.
Therefore, while no franchised locations closed, prospective franchisees should be aware of the changes in company-owned store counts. Monitoring the performance and stability of company-owned stores can provide insights into the overall health and direction of the Chop5 Salad Kitchen system.