What was the total number of Chop5 Salad Kitchen outlets at the beginning of 2022?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
s.
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
| 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 |
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 start of 2022, there were a total of 3 company-owned outlets. The FDD specifies that there were no franchised outlets at the beginning of 2022. Therefore, the total number of Chop5 Salad Kitchen outlets, combining both franchised and company-owned, was 3 at the beginning of 2022.
For a prospective franchisee, this indicates that Chop5 Salad Kitchen was primarily operating through company-owned stores during this period. This could mean that the franchise system was still in its early stages of development, or that the company prefers to maintain greater control over its operations through company-owned stores.
It's worth noting that during 2022, Chop5 Salad Kitchen opened 2 new company-owned outlets but also closed 1, resulting in a net decrease of 1 company-owned outlet by the end of the year. This information can be helpful for potential franchisees to understand the growth and changes within the Chop5 Salad Kitchen system.