How many franchised Cilantro Taco Grill outlets were open at the start of 2021?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company – | 2021 | 9 | 11 | +2 |
| Owned* | ||||
| 2022 | 11 | 13 | +2 | |
| 2023 | 13 | 15 | +2 | |
| Total Outlets | 2021 | 9 | 11 | +2 |
| 2022 | 11 | 13 | +2 | |
| 2023 | 13 | 15 | +2 |
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, there were no franchised outlets open at the start of 2021. The provided table, titled "System-wide Outlet Summary For Years 2021 to 2023", indicates that the number of franchised outlets at the start of 2021 was zero. This suggests that Cilantro Taco Grill was primarily focused on company-owned stores during that period.
For a potential franchisee, this information highlights that Cilantro Taco Grill's franchising efforts are relatively new. The absence of franchised locations at the beginning of 2021 could mean that the franchise system is still in its early stages of development. This could present both opportunities and risks for new franchisees.
On one hand, joining a young franchise system might allow for more influence in shaping the brand's direction and establishing a strong presence in untapped markets. On the other hand, it could also mean that the franchise's operational processes and support systems are not as well-established or tested as those of more mature franchises. Therefore, prospective franchisees should carefully evaluate the level of support and training provided by Cilantro Taco Grill and conduct thorough due diligence to assess the viability of the franchise opportunity.