What was the net change in the number of Kitchen Solvers franchised outlets during 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised Outlets | 2022 | 49 | 51 | +2 |
| 2023 | 51 | 50 | -1 | |
| 2024 | 50 | 59 | +9 | |
| Company-Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| TOTAL OUTLETS | 2022 | 49 | 51 | +2 |
| 2023 | 51 | 50 | -1 | |
| 2024 | 50 | 59 | +9 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 44–48)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2024 was an increase of 9 units. At the start of 2024, Kitchen Solvers had 50 franchised outlets, and by the end of the year, the number had increased to 59.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the Kitchen Solvers franchise system. A positive net change suggests that the franchise is expanding and attracting new franchisees, which can be a positive indicator of the brand's health. However, it's important to consider the reasons behind the change. For example, a high number of closures could offset new openings, resulting in a smaller net change.
Prospective franchisees should investigate further to understand the factors contributing to the net change in outlet numbers. This includes analyzing the number of new openings, closures, transfers, and non-renewals. Understanding these trends can help a franchisee assess the risks and opportunities associated with investing in a Kitchen Solvers franchise. They should also compare these figures with previous years to identify any significant changes or patterns.
Overall, the net change in franchised outlets is a valuable metric for evaluating the performance of a franchise system. While a positive net change is generally a good sign, it's essential to conduct thorough due diligence to understand the underlying factors and make an informed investment decision regarding Kitchen Solvers.