When did the Cordova Omaha Outlet commence operations?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
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 in Omaha, Nebraska, began operations in 2016. The FDD specifies that this Omaha Outlet is representative of a franchised business and is considered an operational company-owned outlet for the 2024 calendar year.
However, the FDD also notes some key differences between the company-owned outlet and potential franchise outlets. These include the managerial skill and efficiency resulting from Cordova's experienced management team, the level of brand recognition the outlet has within its local market, and the fact that the company-owned outlet does not have to pay ongoing fees such as royalty fees and brand development fund fees that a franchisee would be required to pay.
Prospective franchisees should consider these differences when evaluating the financial performance of the Omaha Outlet. The absence of royalty and brand development fund fees, along with established brand recognition and experienced management, could contribute to a financial performance that a new franchise may not immediately achieve. It is important for potential franchisees to understand how these factors might influence their own outlet's performance.