Does Cordova have any Franchise Outlets?

According to Cordova's 2025 Franchise Disclosure Document, Cordova does not currently have any Franchise Outlets. The financial information provided is based on data from Cordova's Company Owned Outlet. This means that the financial performance data presented in Item 19 of the FDD reflects the operations of a company-owned business, not a franchised one.

For a prospective franchisee, this is an important distinction. The performance of a company-owned outlet may not be directly comparable to that of a franchised outlet due to factors such as managerial skill, brand recognition, and the absence of royalty and brand development fund fee obligations. Cordova indicates that material financial and operational characteristics that are reasonably anticipated to differ from future operational franchise outlets include: (a) managerial skill and efficiency experienced by their Company Owned Outlet as a result of their extensively experienced management team; (b) brand recognition within the local market in which their Company Owned Outlet operates; and (c) no obligation to pay ongoing fees that a franchisee will pay to them, such as Royalty Fees and Brand Development Fund Fees.

Therefore, potential franchisees should be aware that the financial results presented may not be indicative of the performance they can expect to achieve. It is crucial to consider the differences between a company-owned operation and a franchised business when evaluating the financial opportunity. Prospective franchisees should inquire about any available data or projections specific to franchised locations, and carefully consider the factors that may influence their own outlet's performance.