How many total Endless Summer Sweets outlets were open at the start of 2023?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| 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 was a total of one outlet open. This single outlet was company-owned, as there were zero franchised outlets open at that time. This information is derived from the Systemwide Outlet Summary table, which provides a breakdown of franchised and company-owned outlets from 2021 to 2023.
The document specifies that for franchised outlets, the number at the start of 2023 was zero. For company-owned outlets, the number at the start of 2023 was one. The total number of outlets, combining both franchised and company-owned, at the start of 2023 was one.
For a prospective franchisee, this indicates that Endless Summer Sweets is a relatively new franchise system with a limited operating history. The fact that there was only one company-owned store open at the beginning of 2023 suggests that the franchise is still in its early stages of development and testing. This could represent both an opportunity and a risk for potential franchisees. The opportunity lies in the potential for growth and expansion as the franchise system matures. The risk lies in the uncertainty associated with investing in a relatively unproven business model.