How many Chocolate Fish Coffee outlets were operating at the end of 2023?
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 a total of 3 outlets operating at the end of 2023. All 3 of these locations were company-owned. The FDD indicates that there were 3 company-owned Chocolate Fish Coffee locations operating in California at the start of 2023, and no additional locations were opened, reacquired, or closed during the year. Therefore, the number of company-owned locations remained constant at 3.
Notably, Chocolate Fish Coffee did not have any franchised locations operating at the end of 2023. The tables in Item 20 detail the status of both company-owned and franchised outlets, showing no franchised locations open during 2021, 2022, or 2023.
Prospective franchisees should be aware that, based on the data presented in the 2024 FDD, Chocolate Fish Coffee primarily operates company-owned stores. This may reflect the brand's business strategy or stage of development. Franchisees should inquire about the company's plans for franchise expansion and what support is offered to franchisees as opposed to company-owned locations.