Where is the Cordova Company Owned Outlet located?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
ANALYSIS OF RESULTS OF COMPANY OWNED OUTLET
We have one Company Owned Outlet based in Omaha, Nebraska (the "Omaha Outlet"). Our Omaha Outlet commenced operations in 2016. This Outlet operates in an Operating Territory with a population of approximately 1,000,000 people, which is the equivalent of two Territories. This Outlet is representative of the Franchised Business and constitutes an Operational Company Owned Outlet for the 2024 Calendar Year.
Material financial and operational characteristics that are reasonably anticipated to differ from future operational franchise outlets include: (a) managerial skill and efficiency experienced by our Company Owned Outlet as a result of our extensively experienced management team; (b) brand recognition within the local market in which our Company Owned Outlet operates; and (c) no obligation to pay ongoing fees that a franchisee will pay to us, such as Royalty Fees and Brand Development Fund Fees.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 37–41)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the company-owned outlet is located in Omaha, Nebraska. The FDD specifies that this outlet, referred to as the "Omaha Outlet," commenced operations in 2016. It operates within an operating territory that has an approximate population of 1,000,000 people, which Cordova equates to two territories.
The document indicates that the Omaha Outlet is representative of a franchised business and serves as an operational company-owned outlet for the 2024 calendar year. This suggests that the financial and operational data from this location is used to provide prospective franchisees with an understanding of potential performance.
However, the FDD also cautions that there are material differences that could affect the performance of franchised outlets compared to the company-owned outlet. These differences include the managerial skill and efficiency of Cordova's experienced management team, the established brand recognition in the Omaha market, and the fact that the company-owned outlet does not have to pay ongoing royalty fees or brand development fund fees that franchisees are required to pay. Therefore, prospective franchisees should consider these factors when evaluating the financial performance data presented for the Omaha Outlet.