The Wolf of Franchises
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After ~8 years, Dominos is shutting down in Italy.
They closed all 29 stores last summer, and recently entered into liquidation.
The Italy venture accumulated ~$21 million in debt...not surprising given they tried selling pizza with BBQ chicken, pineapple, etc.....IN ITALY
After ~8 years, Dominos is shutting down in Italy.
They closed all 29 stores last summer, and recently entered into liquidation.
The Italy venture accumulated ~$21 million in debt...not surprising given they tried selling pizza with BBQ chicken, pineapple, etc.....IN ITALY
Auntie Anne's financials from 2022 just came in.
Here's the average revenue breakdown by location type:
• Malls: $707K
• Strip Malls: $792K
• Airports: $1,506,362
Imagine the madness if all 4 of these were next to each other...
Would be a traffic jam for the ages
Reminders for franchise buyers:
1. When reviewing promising financials, take note of how long the locations have operated to get to that point
2. The FDD offers good insight, but no one is a better resource for you than existing franchise owners of the brand you're looking at!
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