How many company-owned Chocolate Fish Coffee outlets were operating at the end 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, at the end of 2021, there were 3 company-owned outlets. The table provided in Item 20, titled "Status of Company-Owned Outlets For Years 2021 to 2023," details the number of company-owned Chocolate Fish Coffee locations.
Specifically, the table shows that Chocolate Fish Coffee started 2021 with 3 company-owned outlets. Throughout 2021, there were no changes in the number of company-owned stores, resulting in 3 company-owned outlets at the end of the year. This indicates that Chocolate Fish Coffee did not open or close any company-owned locations during 2021.
For a prospective franchisee, this information provides insight into Chocolate Fish Coffee's corporate store operations. The stability in the number of company-owned stores over the three-year period from 2021 to 2023 may suggest a consistent approach to managing their own outlets. It is important to note that while the number of company-owned stores remained constant, this does not necessarily reflect the performance or profitability of those stores.