What was the net change in the number of franchised Azal Coffee outlets in 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, the net change in the number of franchised outlets in 2021 was 0. The table provided in Item 20 summarizes the systemwide outlet information for 2021, 2022, and 2023.
Specifically, for franchised outlets in 2021, the number of outlets at the start of the year was 0, and the number of outlets at the end of the year was also 0. This indicates that there were no new franchised Azal Coffee locations opened, nor were any closed or terminated during that year.
This data point is crucial for potential franchisees as it provides insight into the growth and stability of the franchise system. A net change of zero in 2021 suggests that Azal Coffee had not yet begun franchising in that year, which aligns with the statement that they did not begin offering franchises until July 2024.