table_specific

How many Azal Coffee franchised outlets terminated their agreements in Michigan during 2023?

Azal_Coffee Franchise · 2024 FDD

Answer from 2024 FDD Document

le No. 3 Status of Franchised Outlets For Years 2021 to 2023**

State Year Outlets at Start of Year Outlets Opened Termi na tions Non Renewals Re-acquired by Franchisor Ceased Opera tions Other Reasons Outlets at End of Year
Michigan 2021 0 0 0 0 0 0 0
2022 0 0 0 0 0 0 0
2023 0 0 0 0 0 0 0
Totals 2021 0 0 0 0 0 0 0
2022 0 0 0 0 0 0 0
2023 0 0 0 0 0 0 0

Table No. 4 Status of Company-Owned Outlets For Years 2021 to 2023

State Year Outlets at Start of Year Outlets Opened Outlets Reacquired from Franchisee Outlets Closed Outlets Sold to Franchisee Outlets at End of the Year
Michigan 2021 0 0 0 0 0 0
2022 0 0 0 0 0 0
2023 0 0 0 0 0 0
Total 2021 0 0 0 0 0 0
2022 0 0 0 0 0 0
2023 0 1 0 0 0 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, there were no franchise agreement terminations in Michigan during 2023. The provided table regarding the status of franchised outlets from 2021 to 2023 indicates that in Michigan during 2023, the number of outlets at the start of the year was 0, outlets opened was 0, and terminations was 0. Therefore, the number of Azal Coffee franchises that terminated their agreements in Michigan during 2023 was zero.

This information is crucial for potential franchisees as it provides insight into the stability and success rate of Azal Coffee franchises in Michigan. A high number of terminations could indicate issues with the franchise system, market saturation, or lack of support from the franchisor. The absence of terminations suggests a stable franchise environment, although it is important to consider that Azal Coffee is a relatively new franchise system.

It is also important to note that while there were no terminations, the table also shows that there were no Azal Coffee franchised outlets operating in Michigan at the start of 2023. While another table shows that one outlet was opened in 2023, the first table shows that there were zero terminations. This could mean that the outlet opened at the very end of 2023, or that the definition of 'termination' in the first table is different than 'outlets closed' in the second table. Prospective franchisees should clarify these discrepancies with Azal Coffee to gain a comprehensive understanding of franchise performance and turnover rates.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.