In what state did Face Foundrie sell a company-owned outlet to a franchisee in 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 |
|---|---|---|---|---|---|---|---|
| Colorado | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 1 | 0 |
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, in 2024, Face Foundrie sold one company-owned outlet to a franchisee in Colorado. This is based on the provided table outlining the status of company-owned outlets.
Specifically, the table shows that Colorado had one company-owned outlet at the start of 2024. During the year, Face Foundrie sold one of these outlets to a franchisee, resulting in zero company-owned outlets in Colorado at the end of 2024. This indicates a transfer of ownership from the company to a franchisee within that state.
For a prospective franchisee, this information is relevant as it shows Face Foundrie's willingness to sell existing company-owned locations. Acquiring an existing outlet can provide a faster start-up compared to building a new location from scratch, as it already has an established customer base and operational infrastructure. However, potential franchisees should investigate the performance history and condition of any outlet they consider purchasing.