What was the net change in the total number of Chop5 Salad Kitchen outlets during 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, the net change in the total number of outlets during 2021 was an increase of one location. The FDD provides a system-wide outlet summary that includes franchised, company-owned, and total outlets.
In 2021, there were no net changes in the number of franchised Chop5 Salad Kitchen locations. However, the number of company-owned locations saw a net increase of one. This increase contributed to the overall net change of one additional outlet for the entire Chop5 Salad Kitchen system during that year.
Prospective franchisees should note that while the total number of outlets increased, this growth was solely due to company-owned locations. This may indicate the Chop5 Salad Kitchen business model relies more heavily on corporate-owned stores, or that the franchise system is still in its early stages of development. Further investigation into the growth strategies of Chop5 Salad Kitchen would be beneficial for potential franchisees.