How many Chocolate Fish Coffee outlets were reacquired from franchisees in 2023?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 3 Status of Franchised Outlets For Years 2021 to 2023*
| 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 |
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 reacquired by the company in 2023. This data is reflected in the provided table, which tracks the status of company-owned outlets from 2021 to 2023.
Specifically, the table includes a column for 'Outlets Reacquired from Franchisee.' For the year 2023, the value in this column is '0', indicating that Chocolate Fish Coffee did not reacquire any franchised locations during that year. This suggests that no franchisees relinquished their stores back to the company.
This information is valuable for potential franchisees as it can provide insights into the stability and performance of existing Chocolate Fish Coffee franchises. A high number of reacquired outlets might indicate financial struggles or dissatisfaction among franchisees, while a low number, as in this case, could suggest a healthy franchise system.