How many Endless Summer Sweets company-owned outlets were opened in 2023?
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 opened during the 2023 fiscal year. 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. At the start of 2023, there was one company-owned outlet, and by the end of the year, the number remained at one, indicating no new openings.
This information is relevant for prospective franchisees as it provides insight into the growth strategy of Endless Summer Sweets. The fact that no new company-owned stores opened in 2023 could suggest a focus on supporting existing locations or prioritizing franchise expansion over corporate expansion. It is important to note that while no new stores opened, no stores closed either, maintaining the single company-owned location.
Furthermore, the table detailing outlet changes by state confirms that in 2023, Endless Summer Sweets had one company-owned outlet in California. This outlet remained open throughout the year, with no additional openings, re acquisitions, closures, or sales to franchisees. This data offers a clear picture of the stability of the company-owned operations during that period.