How many Azal Coffee outlets were opened as company-owned in 2023?
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, one company-owned outlet was opened in 2023. The table regarding the status of company-owned outlets indicates that at the start of 2023, there were no company-owned outlets. By the end of 2023, the number of company-owned outlets increased to one, reflecting a net change of one outlet.
This information is relevant for prospective franchisees as it provides insight into the growth strategy of Azal Coffee. The fact that Azal Coffee began 2023 with no company-owned stores and ended the year with one suggests a recent shift towards corporate-owned locations, or the opening of their first company-owned store. This could indicate a strategy to test new markets or refine operational procedures before expanding through franchising.
It's important to note that Azal Coffee did not begin offering franchises until July 2024. The opening of a company-owned store in 2023 could be a precursor to the launch of the franchise program, allowing the company to gain experience and establish a proven business model. Prospective franchisees may want to inquire about the performance of this company-owned store and the lessons learned from its operation.