How many Chocolate Fish Coffee outlets were at the end of 2021 in the N/A state?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Ceased | ||||||||
| Operations | ||||||||
| – Other | ||||||||
| Reasons | ||||||||
| N/A | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 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 outlets in the N/A state at the end of 2021. The provided table tracks outlet data by state and year, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets ceasing operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this data indicates that Chocolate Fish Coffee had no presence in the N/A state as of 2021. This could mean that the brand is not yet established or has not targeted expansion in that particular area.
It is important to note that 'N/A' may represent a region outside of Chocolate Fish Coffee's primary operating area, or it could indicate a placeholder for areas where the franchise has not yet developed. A potential franchisee should clarify with Chocolate Fish Coffee what 'N/A' specifically represents to understand the company's development strategy and potential opportunities in that area.
Understanding the historical growth and presence in different regions can help a franchisee assess the brand's market penetration and potential for future expansion. This information, combined with other factors like market demographics and competition, can inform a franchisee's decision-making process.