How many franchised Azal Coffee outlets were there at the start of 2021?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 start of 2021, there were zero franchised outlets. The table provided in Item 20 of the FDD outlines the systemwide outlet summary for the years 2021 to 2023.
For a prospective franchisee, this indicates that Azal Coffee is a relatively new franchise system, as franchising did not begin until July 2024. The absence of franchised outlets in prior years suggests that the company-owned model may have been the initial focus. This could mean that the franchise system is still in its early stages of development and refinement.
It's important to note that while there were no franchised outlets at the start of 2021, the company did have plans to expand, as indicated by projected new franchised outlets in the next fiscal year. This information is crucial for potential franchisees to understand the growth trajectory and market penetration strategy of Azal Coffee.