How many Endless Summer Sweets franchised outlets were not renewed in 2021?
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 no franchised outlets that experienced non-renewals in 2021. The provided tables indicate that the number of franchised outlets at the start and end of 2021 remained at zero.
Specifically, the table detailing the status of franchised outlets shows zero outlets at the beginning of the year, zero outlets opened, zero terminations, zero non-renewals, zero re acquisitions by the franchisor, zero ceased operations for other reasons, and zero outlets at the end of the year. This data suggests that Endless Summer Sweets either did not have any franchisees in 2021 or that all existing franchise agreements were renewed.
For a prospective franchisee, this information is crucial for understanding the stability and growth of the franchise system. A high number of non-renewals could indicate issues with franchisee profitability or franchisor-franchisee relations. In this case, the absence of non-renewals in 2021 could be a positive sign, but it is important to consider this data in the context of the overall number of franchises and the reasons for any terminations or closures in other years. It is also important to note that the FDD states that as of the end of the last fiscal year, there were no current franchisees open and operating.