How many company-owned Cilantro Taco Grill outlets were sold to franchisees in 2023?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired from Franchisees | Col. 6 | Col. 7 Outlets Sold to Franchisees | Col. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets Closed | |||||||
| Illinois | 2021 | 9 | 2 | 0 | 0 | 0 | 11 |
| 2022 | 11 | 2 | 0 | 0 | 0 | 13 | |
| 2023 | 13 | 2 | 0 | 0 | 0 | 15 | |
| Total | 2021 | 9 | 2 | 0 | 0 | 0 | 11 |
| 2022 | 11 | 2 | 0 | 0 | 0 | 13 | |
| 2023 | 13 | 2 | 0 | 0 | 0 | 15 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–51)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, in 2023, zero company-owned outlets were sold to franchisees. The table provided details the outlet information for the years 2021, 2022, and 2023.
The table shows that in 2023, Cilantro Taco Grill had 13 outlets at the start of the year, opened 2 outlets, and sold 0 outlets to franchisees. There were no outlets closed during the year. At the end of 2023, Cilantro Taco Grill had 15 outlets.
This information is valuable for potential franchisees as it provides insight into the company's growth and stability. The fact that no company-owned stores were sold to franchisees in 2023 could indicate a strategy of maintaining company control over existing locations, or it could simply reflect a lack of opportunity or interest in selling those stores. A prospective franchisee might want to inquire about the reasons behind this and whether there are future plans to offer company-owned stores for sale.