How many company-owned Chocolate Fish Coffee outlets were operating at the start of 2023?
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 operating at the start of 2023. The FDD provides data on the status of company-owned outlets for the years 2021 to 2023.
Specifically, the table shows that Chocolate Fish Coffee had 3 company-owned outlets at the start of 2021, 2022 and 2023. There were no openings or closures of company-owned stores during this period, as the number of outlets at the end of each year remained at 3.
This information is useful for prospective franchisees to understand the stability and growth of Chocolate Fish Coffee's company-owned operations. It indicates that the company has maintained a consistent number of company-owned stores over the three-year period, which could reflect their strategy or market conditions.