How many company-owned Chocolate Fish Coffee outlets were open at the start of 2021?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 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 start of 2021. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of company-owned outlets at the start of each year, any changes during the year, and the number of outlets at the end of the year.
For a prospective franchisee, this information indicates the scale of Chocolate Fish Coffee's corporate operations. Seeing that there were 3 company-owned stores in 2021, and that this number remained constant through 2023, suggests a stable corporate presence.
It is important to note that all 3 of these company-owned stores were located in California. A prospective franchisee may want to inquire about the performance of these company-owned stores and the reasons behind maintaining a consistent number of corporate-owned locations.