How many Azal Coffee outlets were transferred from franchisees to new owners in 2022?
Azal_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| None | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Totals | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 |
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 transfers of outlets from franchisees to new owners in 2022. The table provided in Item 20 outlines the number of transfers of outlets from franchisees to new owners for the years 2021, 2022, and 2023.
Specifically, the table indicates that the number of such transfers was zero for each of those years. This suggests that during this period, no existing Azal Coffee franchise locations were sold by their franchisees to new, independent owners.
This information is crucial for potential franchisees as it provides insight into the stability and transferability of Azal Coffee franchises. A lack of transfers could indicate franchisee satisfaction or, conversely, difficulties in selling existing franchises. It is important to note that this data only covers a three-year period, and further investigation may be warranted to understand long-term trends.