How many company-owned Potbelly Sandwich Works outlets were there at the end of 2024?
Potbelly_Sandwich_Works 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 | 2022 | 46 | 45 | -1 |
| 2023 | 45 | 79 | +34 | |
| 2024 | 79 | 95 | +16 | |
| Column 1 Outlet Type | Column 2 Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the End of the Year | Column 5 Net Change |
| --- | --- | --- | --- | --- |
| Company- Owned | 2022 | 397 | 384 | -13 |
| 2023 | 384 | 345 | -39 | |
| 2024 | 345 | 346 | +1 | |
| Total Outlets | 2022 | 443 | 429 | -14 |
| 2023 | 429 | 424 | -5 | |
| 2024 | 424 | 441 | +17 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 70–78)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, at the end of 2024, there were 346 company-owned Potbelly Sandwich Works outlets. This number reflects a slight increase of one outlet compared to the 345 company-owned outlets at the start of 2024.
Tracking the number of company-owned stores can provide insight into Potbelly Sandwich Works's overall business strategy. A mix of franchise and company-owned stores is common in the franchise industry, allowing the franchisor to maintain brand standards in some locations while expanding through franchising.
The FDD also specifies that these company-owned outlets are owned by one or more of Potbelly Sandwich Works's affiliates. This detail is important for prospective franchisees to understand the relationship between the parent company and its directly operated stores.