What was the net change in the number of company-owned Cilantro Taco Grill outlets during 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 during 2022 was an increase of two locations. At the start of 2022, there were 11 company-owned Cilantro Taco Grill outlets. By the end of 2022, this number had increased to 13.
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 suggests that the company is investing in its own operations and sees potential in the market.
It's important to note that these company-owned stores are operated by an affiliate, as indicated in the FDD. This distinction could have implications for how these stores are managed and their financial performance, which may differ from franchised locations. Franchisees may want to inquire about the relationship between Cilantro Taco Grill and its affiliate to understand any potential impact on their own franchise operations.