How many company-owned Azal Coffee outlets were there at the end of 2023?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
e No. 1 Systemwide Outlet Summary For Years 2021 to 2023**
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company | 2021 | 0 | 0 | 0 |
| Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 1 | 1 | |
| Total Outlets | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 1 |
**Table No.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–50)
What This Means (2024 FDD)
According to Azal Coffee's 2024 Franchise Disclosure Document, at the end of 2023, Azal Coffee had one company-owned outlet. The FDD specifies that the information provided in the tables is as of December 31st of each year. Azal Coffee did not begin offering franchises until July 2024.
Table No. 4, titled "Status of Company-Owned Outlets For Years 2021 to 2023," shows the progression of company-owned stores. In 2021, Azal Coffee started with zero company-owned outlets and ended the year with zero. The same was true for 2022. However, in 2023, Azal Coffee started with zero company-owned outlets but ended the year with one. This indicates a net change of one company-owned outlet during 2023.
This information is useful for potential franchisees as it provides insight into the growth and development of company-owned stores. The fact that Azal Coffee had one company-owned store at the end of 2023 suggests that the company is relatively new to operating its own outlets, as opposed to franchising. This may reflect on the maturity of their operational systems and support for franchisees.