How many Chocolate Fish Coffee outlets were closed in California during 2021?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | from | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
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 Chocolate Fish Coffee outlets closed in California during 2021. The provided table regarding the status of franchised outlets indicates that in California during 2021, there were 3 outlets at the start of the year, 0 outlets opened, 0 outlets reacquired from the franchisee, 0 outlets closed, 0 outlets sold to a franchisee, and 3 outlets at the end of the year.
This data point is crucial for prospective franchisees as it provides insight into the stability and performance of Chocolate Fish Coffee franchises in California. A history of outlet closures could indicate potential issues with the franchise model, market saturation, or other factors that could impact a franchisee's success. The absence of closures in 2021 suggests a degree of stability, at least during that specific year.
It is important to note that this information pertains only to a single year and a specific state. To gain a comprehensive understanding of the franchise's performance, prospective franchisees should review outlet data for multiple years and across different regions. Additionally, they should speak with current and former franchisees to gather firsthand accounts of their experiences and challenges.