What was the net change in the number of franchised Cordova outlets during 2024?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |
|---|---|---|---|---|---|
| Franchised | 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | ||
| 2024 | 0 | 0 | 0 | ||
| Company Owned | 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 | ||
| 2024 | 1 | 1 | 0 | ||
| Total Outlets | 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 | ||
| 2024 | 1 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–44)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2024 was 0. The table provided in Item 20 of the FDD shows that at the start of 2024, there were 0 franchised outlets, and by the end of the year, the number remained at 0.
This indicates that no new Cordova franchises opened, and no existing franchises closed or were terminated during 2024. For a prospective franchisee, this could suggest that the franchise system is relatively new or that there may be challenges in establishing and growing franchised locations. It is important to note that while there were no changes in franchised outlets, Cordova did have one company-owned outlet during this period.
It would be prudent for potential franchisees to investigate further into why there were no franchised outlets opened or closed during this period. Understanding the reasons behind this stability (or lack of growth) can provide valuable insights into the potential risks and opportunities associated with investing in a Cordova franchise. Further research and discussions with the franchisor are recommended to gain a comprehensive understanding of the franchise's performance and future prospects.