How many Chocolate Fish Coffee outlets were closed in California during 2022?
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 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 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 2022. The provided table details the status of company-owned outlets from 2021 to 2023. In 2022, there were 3 outlets at the start of the year and 3 at the end of the year, with 0 outlets opened, reacquired, or closed. This indicates a stable number of company-owned Chocolate Fish Coffee outlets in California during that period.
For a prospective franchisee, this information suggests stability in the company-owned store operations within California. The absence of closures could be interpreted positively, indicating that the existing company-owned stores are maintaining operations. However, it is important to note that this data pertains specifically to company-owned outlets and not franchised locations, as Chocolate Fish Coffee had no active franchisees during this time.
It is also important to consider that while no closures occurred, there were also no new openings in California during 2022. This could reflect a strategic decision by Chocolate Fish Coffee to maintain its current footprint in the state, or it could be due to other factors such as market conditions or internal company priorities. A prospective franchisee should inquire about Chocolate Fish Coffee's plans for expansion and growth in California to gain a better understanding of the brand's strategy.
Overall, the data suggests a stable but not expanding presence of Chocolate Fish Coffee company-owned outlets in California during 2022. A potential franchisee should investigate further to understand the reasons behind the lack of new openings and to assess the long-term growth potential in the California market.