How many franchised 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's 2024 Franchise Disclosure Document, at the start of 2021, there were zero franchised outlets. The provided table outlines the systemwide outlet summary for the years 2021 to 2023.
For a prospective franchisee, this indicates that Endless Summer Sweets is a relatively new franchise system or is in the early stages of franchising its business model. This could present both opportunities and risks. A new franchise system might offer more favorable terms to early adopters, but it also comes with the uncertainty of a less established brand and operational history.
It's important to note that while there were no franchised outlets, there was one company-owned outlet operating at the start of 2021. This suggests that Endless Summer Sweets began as a company-owned operation before venturing into franchising. A potential franchisee should inquire about the performance of this company-owned store and the reasons behind the decision to franchise.