How many City Wide franchises were opened in Connecticut during 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased– Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, one franchise was opened in Connecticut during 2023. The table provided in Item 20 details the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is valuable in understanding the growth and stability of the City Wide franchise system in specific states. The data helps to assess the brand's expansion rate and potential market saturation in Connecticut. It also provides insight into outlet turnover, which can be an indicator of franchisee success and satisfaction.
Specifically, the table shows that Connecticut had one outlet at the start of 2023, opened one new outlet during the year, and ended the year with two outlets. This indicates a moderate level of growth in the state during that period. Reviewing similar data for other states can help potential franchisees identify markets with higher or lower growth rates, which may influence their decision on where to establish their franchise.
It's important to note that while the table provides historical data, future performance may vary. Factors such as local market conditions, competition, and the franchisee's management skills can all impact the success of a City Wide franchise. Therefore, prospective franchisees should conduct thorough due diligence and consult with existing franchisees to gain a comprehensive understanding of the opportunities and challenges involved.