How many Endless Summer Sweets franchised 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's 2024 Franchise Disclosure Document, at the start of 2023, there were zero franchised outlets. The provided table in Item 20 of the FDD outlines the systemwide outlet summary for the years 2021 to 2023. This table specifically breaks down the number of franchised outlets at the start of each year.
For a prospective franchisee, this information indicates that Endless Summer Sweets is a relatively new franchise system or is only now beginning to expand through franchising. The fact that there were no franchised outlets open at the beginning of 2023 suggests that the company primarily operated company-owned outlets or had not yet begun franchising operations.
This could represent both an opportunity and a risk for potential franchisees. On one hand, it may mean there is more territory available and the chance to get in on the ground floor of a growing brand. On the other hand, a lack of established franchised locations could mean there is less data available to assess the potential success of a franchise. It would be prudent for a potential franchisee to carefully evaluate the performance of the company-owned store and to thoroughly research the market demand for Endless Summer Sweets in their desired territory.