How many Endless Summer Sweets franchised outlets ceased operations for other reasons in 2022?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | Column | Column 4 Outlets Opened | Column 5 Termi- Nations | Column 6 Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Column 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 3 | ||||||||
| Outlets | ||||||||
| at the | ||||||||
| Start of | ||||||||
| the | ||||||||
| Year | ||||||||
| NOT | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| APPLICABLE | ||||||||
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 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, there were zero franchised outlets that ceased operations for other reasons during the year 2022. The FDD provides a table outlining the status of franchised outlets, including terminations, non-renewals, and outlets ceasing operations for other reasons.
This data point is important for prospective franchisees as it can provide insights into the stability and performance of existing franchises. A higher number of closures for 'other reasons' might warrant further investigation into the specific challenges faced by franchisees within the Endless Summer Sweets system.
However, in this case, the absence of any such closures in 2022 could be interpreted positively, suggesting that franchisees are generally able to sustain their businesses, although it is important to consider that the entire franchise system was also very small during this period.