How many Endless Summer Sweets company-owned outlets were reacquired from franchisees in 2021?
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 reacquired from franchisees in 2021. The table provided in Item 20 outlines the status of outlets, including those reacquired from franchisees.
The table specifically shows that for the year 2021, under the column "Outlets Reacquired from Franchisee," the value is 0. This indicates that Endless Summer Sweets did not reacquire any company-owned outlets from its franchisees during that year.
This information is valuable for prospective franchisees as it provides insight into the company's historical relationship with its franchisees and its practices regarding outlet ownership transitions. A consistent record of not reacquiring outlets could suggest stability in the franchise network.