How many company-owned Endless Summer Sweets outlets were operating at the start of 2021?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 |
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, at the start of 2021, there was one company-owned outlet. Throughout 2021, there were no changes, so the year ended with one company-owned outlet.
This indicates that Endless Summer Sweets has limited experience operating company-owned stores. A prospective franchisee may want to inquire about the performance of this single company-owned location to better understand the brand's operational strategies and profitability.
It's also important to note that the number of franchised outlets remained at zero for the years 2021, 2022 and 2023. This could suggest that Endless Summer Sweets is a new franchise system or that it is having difficulty attracting franchisees.