What is the trend in the number of franchised Azal Coffee outlets from 2021 to 2023?

According to Azal Coffee's 2024 Franchise Disclosure Document, the number of franchised outlets remained constant from 2021 to 2023. The FDD indicates that Azal Coffee did not have any franchised locations during this period. Specifically, at the start of 2021, there were zero franchised outlets, and this number remained at zero through the end of 2023.

This suggests that Azal Coffee was not actively franchising during these years, or that the franchise program is very new. A prospective franchisee should consider this lack of established franchised locations as a potential risk. Without existing franchisees, it may be more difficult to validate the franchise opportunity or gain insights from experienced operators.

While there were no franchised outlets, the FDD does show that Azal Coffee had one company-owned outlet by the end of 2023. This indicates that the company has some experience operating a retail location, even if it is not through the franchise model. A potential franchisee may want to inquire about the performance of this company-owned store to better understand the business model's viability.

It is important for potential franchisees to conduct thorough due diligence, especially when a franchise system is new or has limited operating history. Speaking directly with the franchisor about their plans for franchise growth and support is crucial in assessing the opportunity.