What was the net change in the number of company-owned Cilantro Taco Grill outlets in 2022?
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, the net change in the number of company-owned outlets in 2022 was an increase of 2. The number of company-owned Cilantro Taco Grill locations started at 11 at the beginning of 2022 and ended the year at 13 locations.
This information is useful for prospective franchisees as it provides insight into the growth and expansion strategy of Cilantro Taco Grill. The fact that the number of company-owned stores increased indicates that the company is investing in its own operations, which could be a positive sign for potential franchisees. It demonstrates the franchisor's confidence in the brand and its willingness to commit capital to expanding its presence.
It's important to note that the company-owned stores are operated by an affiliate, as indicated in the footnote. While the FDD provides historical data on outlet changes, it's also useful to review Table No. 5, which shows projected openings as of December 31, 2023. This table indicates that there are no projected new company-owned outlets in the next fiscal year, which could suggest a shift in the company's expansion strategy towards franchising.