How many franchised Chocolate Fish Coffee outlets were open 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, there were zero franchised outlets open at the end of 2021. The provided table regarding the status of franchised outlets from 2021 to 2023 indicates that at the start of 2021, there were no franchised locations. Throughout 2021, no franchised outlets opened, resulting in zero franchised outlets at the end of the year.
This information is crucial for potential franchisees as it provides a clear picture of the franchise's growth and reliance on franchised versus company-owned outlets. The absence of franchised locations in 2021 suggests that Chocolate Fish Coffee may have been primarily focused on company-owned stores during that period.
A prospective franchisee should further investigate the reasons behind the lack of franchised locations and the company's strategy for franchise expansion. Understanding the historical context and future plans for franchising is essential for making an informed investment decision. It would be prudent to ask Chocolate Fish Coffee about their franchising strategy, the support provided to franchisees, and the overall vision for franchise growth.