How many Face Foundrie outlets opened in Minnesota during 2024?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
|---|---|---|---|---|---|---|---|
| Minnesota | 2022 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 |
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 was one outlet opened in Minnesota during 2024. The table provided in Item 20 of the FDD details the number of outlets opened, reacquired, closed, and sold, as well as the number of outlets at the start and end of the year for each state. In 2024, Minnesota had three outlets at the start of the year and three at the end of the year, with zero outlets reacquired, closed, or sold.
This information is crucial for potential franchisees as it provides a clear picture of Face Foundrie's growth and stability in specific markets. The data helps in understanding the brand's performance and expansion rate in different states. It also allows prospective franchisees to assess the level of competition and market saturation in their target areas.
By examining the number of outlets opened and closed over the past three years, potential franchisees can gain insights into the sustainability and success of Face Foundrie franchises. This historical data can be used to make informed decisions about investing in a Face Foundrie franchise and to develop realistic business plans.