How many Endless Summer Sweets company-owned outlets were closed in 2022?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets Opened | Outlets Reacquired from Franchisee | Column 6 Outlets Closed | Outlets Sold to Franchisee | Column 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| 2021 | 1 | 0 | 0 | 0 | 0 | 1 | |
| California | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2022 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Endless Summer Sweets' 2024 Franchise Disclosure Document, there were no company-owned outlets closed in 2022. The provided table regarding the status of company-owned outlets from 2021 to 2023 indicates that the number of company-owned outlets remained constant at one throughout 2022. Specifically, the table shows one outlet at the start of 2022 and one at the end of 2022, with no changes in the number of outlets.
This information is relevant for prospective franchisees as it provides insight into the stability and management of Endless Summer Sweets' company-owned operations. The fact that no company-owned stores closed during this period could be interpreted positively, suggesting effective management and a sustainable business model at the corporate level.
However, it's important to note that this data only reflects the performance of a single company-owned outlet. Franchisees should consider this information in conjunction with other factors, such as the performance of franchised locations and overall system growth, to gain a comprehensive understanding of the franchise's health and potential. Further research and due diligence are advised to assess the broader context of Endless Summer Sweets' operational performance.