How many franchised Potbelly Sandwich Works outlets were operating at the end of 2023?
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, there were 79 franchised outlets operating at the end of 2023. This is a net increase of 34 locations from the beginning of the year when there were 45 franchised locations.
This information is valuable for potential franchisees as it provides a clear picture of the growth and changes within the Potbelly Sandwich Works franchise system. Observing the number of franchised outlets at the end of the year helps in understanding the expansion rate and overall health of the franchise network.
It's important to note that while the number of franchised locations increased, the number of company-owned stores decreased from 384 to 345 during the same period. The total number of outlets also decreased slightly from 429 to 424. This data offers insight into Potbelly Sandwich Works's strategic decisions regarding franchising versus company-owned operations.