Were there any transfers of Endless Summer Sweets outlets from franchisees to new owners in 2021?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1 | 0 | | | 2023 | 1 | 1 | 0 |
Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023
| State | Column 2 | Number of Transfers |
|---|---|---|
| Year | ||
| NOT | 2021 | 0 |
| APPLICABLE | ||
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 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 no transfers of outlets from franchisees to new owners in 2021. The provided table specifically addresses transfers of outlets from franchisees to new owners (excluding transfers to the franchisor).
The table indicates that the number of such transfers was zero for the year 2021. This suggests that no existing Endless Summer Sweets franchise locations were sold by franchisees to independent third-party buyers during that year.
For a prospective franchisee, this information can be useful in understanding the stability and transfer activity within the Endless Summer Sweets franchise system. A high number of transfers might indicate franchisees are struggling or exiting the system, while a low number, as in this case, could suggest stability.