How many Endless Summer Sweets franchises were reacquired by the franchisor 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's 2024 Franchise Disclosure Document, there were zero franchises reacquired by the franchisor in 2021. This data is reflected in a table summarizing outlet information. Specifically, under the column 'Reacquired by Franchisor' for the year 2021, the value is '0'.
This indicates that during 2021, Endless Summer Sweets did not repurchase any of its franchised locations. For a potential franchisee, this could suggest stability in the franchise system, as re acquisitions can sometimes signal financial or operational issues within the franchise network. However, it is essential to consider this data in conjunction with other factors, such as the number of terminations and transfers, to gain a comprehensive understanding of the franchise system's health.
It's worth noting that while no franchises were reacquired, other changes in outlet status, such as closures or transfers, could still have occurred. Reviewing the complete table and other sections of the FDD will provide a more detailed picture of franchise activity during that period. Prospective franchisees should also inquire about the reasons for any terminations or non-renewals to assess the overall risk and opportunity associated with investing in an Endless Summer Sweets franchise.