How many Chocolate Fish Coffee franchise transfers occurred in 2023?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 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 no franchise transfers in 2023. The provided table in Item 20 indicates that the 'Number of Transfers' for the year 2023 was 0. This suggests that no existing Chocolate Fish Coffee franchises were sold or transferred to new owners during that year.
This information is crucial for potential franchisees as it can provide insights into the stability and desirability of existing Chocolate Fish Coffee franchise locations. A high number of transfers might indicate dissatisfaction among franchisees or difficulties in operating the business, while a low number, as in this case, could suggest the opposite.
It's important to note that this data only reflects transfers to new owners and does not include instances where the franchise was reacquired by Chocolate Fish Coffee itself or closed for other reasons. Reviewing other tables in Item 20, such as those detailing outlet terminations or non-renewals, can provide a more comprehensive understanding of franchise turnover within the Chocolate Fish Coffee system.