How many Face Foundrie company-owned outlets were in operation in Minnesota at the start of 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
3 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | Total | 2022 | 7 | 12 | 0 | 0 | 0 | 0 | 19 | | | 2023 | 19 | 11 | 0 | 0 | 0 | 0 | 30 | | | 2024 | 30 | 18 | 0 | 0 | 0 | 0 | 48 | Table No. 4 Status of Company-Owned and Affiliate-Owned Outlets For Fiscal Years 2022 - 2024
| State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Colorado | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, there were 2 company-owned Face Foundrie outlets in operation in Minnesota at the start of 2022.
This information is valuable for potential franchisees as it provides insight into the company's corporate presence and investment in the Minnesota market. It demonstrates Face Foundrie's direct involvement and experience in operating outlets within that specific state.
Monitoring the number of company-owned stores, especially in a target market like Minnesota, can help franchisees gauge the brand's commitment and strategic approach to market development. A higher number of company-owned stores might indicate a stronger corporate support system and a more established brand presence, which could be beneficial for franchisees.