How many company-owned Chocolate Fish Coffee outlets were open at the end of 2023?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023**
| Outlet Type | Year | Outlets at the Start of the Year | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the End of the Year | ||||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–41)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, there were 3 company-owned outlets open at the end of 2023. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. For each of those years, the number of company-owned outlets remained constant.
Specifically, Chocolate Fish Coffee started 2023 with 3 company-owned outlets. There were no changes during the year, so the year ended with 3 company-owned outlets. This indicates a period of stability in the company-owned operations of the franchise.
Prospective franchisees should note that while the number of company-owned stores has remained constant, this does not necessarily reflect the performance or profitability of those stores. Further due diligence, including speaking with the franchisor and reviewing the financial performance representations (if any) in the FDD, is essential to understanding the health and potential of the Chocolate Fish Coffee business model.