How many Dickeys Barbecue Pit outlets opened in New Jersey during 2023?
Dickeys_Barbecue_Pit Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers | |---|---|---| | | 2024 | 7 | | NORTH | 2022 | 0 | | DAKOTA | | | | | 2023 | 1 | | | 2024 | 0 | | OHIO | 2022 | 0 | | | 2023 | 0 | | | 2024 | 3 | | OKLAHOMA | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | OREGON | 2022 | 2 | | | 2023 | 0 | | | 2024 | 0 | | PENNSYLVANIA | 2022 | 1 | | | 2023 | 2 | | | 2024 | 0 | | TENNESSEE | 2022 | 0 | | | 2023 | 2 | | | 2024 | 2 | | TEXAS | 2022 | 12 | | | 2023 | 14 | | | 2024 | 23 | | UTAH | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | VERMONT | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | WASHINGTON | 2022 | 6 | | | 2023 | 2 | | | 2024 | 7 | | WISCONSIN | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | Totals | 2022 | 71 | | | 2023 | 71 | | | 2024 | 106 |
TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Termi- nations | Col. 6 Non- Renewals | Col. 7 Re- acquired By Franchisor | Col. 8 Ceased Operations Other Reasons | Col.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 84–95)
What This Means (2024 FDD)
According to Dickeys Barbecue Pit's 2024 Franchise Disclosure Document, there were two Dickeys Barbecue Pit outlets opened in New Jersey during the fiscal year 2023. The relevant table in Item 20 provides a breakdown of outlet openings, terminations, and closures across various states. This data helps prospective franchisees understand the brand's growth and stability in different markets.
Specifically, the table shows that New Jersey had 2 outlets at the start of 2023, opened 2 new outlets during the year, and had 4 outlets at the end of the year. This information is crucial for potential franchisees as it indicates the level of expansion and market penetration Dickeys Barbecue Pit has achieved in New Jersey.
Understanding the number of openings, closures, and transfers can help a prospective franchisee assess the health and potential of the Dickeys Barbecue Pit franchise system in a specific region. Monitoring these trends over several years, as presented in the FDD, provides a more comprehensive view of the franchise's performance and can inform a franchisee's decision-making process.