How many total Azal Coffee outlets were operating at the end of 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, at the end of 2023, there was a total of 1 outlet operating. This single outlet was company-owned, with no franchised locations in operation at that time. This is based on the data provided in Item 20, which details outlet information for the years 2021 to 2023. Azal Coffee did not begin offering franchises until July 2024.
Specifically, the table summarizing systemwide outlets indicates that for 2023, there were 0 franchised outlets and 1 company-owned outlet at the end of the year. This means that all of Azal Coffee's operational experience up to that point was through a single company-operated store.
For a prospective franchisee, this information highlights that Azal Coffee is a relatively new franchise system. The limited operating history, with only one company-owned store until the end of 2023, suggests that the franchise is still in its early stages of development. Franchisees should carefully evaluate the maturity and proven success of the business model before investing. It would be prudent to inquire about the performance metrics of the existing company-owned store and the strategic plans for supporting and expanding the franchise network.