How many Endless Summer Sweets company-owned outlets were at the start of the year in 2023?
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 2023, there was one company-owned outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start of each year, the number at the end of the year, and the net change.
For a prospective franchisee, this indicates that Endless Summer Sweets has limited experience operating company-owned stores. The fact that the number of company-owned stores has remained constant over the three-year period covered in the FDD may suggest a deliberate strategy or a lack of resources for expansion on the part of the franchisor.
It is important to note that while the FDD provides historical data on company-owned and franchised outlets, it does not offer specific reasons for the limited number of company-owned stores. A potential franchisee should inquire about Endless Summer Sweets' strategy regarding company-owned stores versus franchised locations and the support and resources available for franchisees.