When was Chocolate Fish Franchising, LLC formed?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a Wyoming Limited Liability Company. We were formed on 10/27/2023.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–8)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, Chocolate Fish Franchising, LLC was formed on October 27, 2023, as a Wyoming Limited Liability Company. This establishes the legal foundation for the company to operate as a franchisor. The company's principal business address is 4749 Folsom Blvd., Sacramento, CA 95819. It is important to note that Chocolate Fish Coffee does not have any parent entities or affiliates that offer franchises in any other line of business. However, an affiliate company does operate businesses of the type being franchised.
For prospective franchisees, this means that Chocolate Fish Franchising, LLC is a relatively new entity, which could present both opportunities and risks. The fact that an affiliate company operates similar businesses may provide some reassurance, as it suggests that the franchisor has experience in the coffee shop market. However, franchisees should conduct thorough due diligence to assess the franchisor's financial stability and track record.
It is also worth noting that Chocolate Fish Coffee has been offering franchises since December 2023. This indicates that the franchise system is in its early stages, and franchisees should carefully evaluate the level of support and training provided by the franchisor. Additionally, franchisees are required to purchase coffee products, branded merchandise, and supplies directly from Chocolate Fish Coffee. This is a common practice in franchising, but franchisees should ensure that the pricing and terms are competitive.