How many Chocolate Fish Coffee outlets were reacquired from franchisees 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 outlets reacquired from franchisees in California during 2022. The provided table regarding the status of company-owned outlets indicates that in 2022, there were 3 outlets at the start of the year and 3 at the end of the year, with 0 outlets reacquired from franchisees.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between Chocolate Fish Coffee and its franchisees. The absence of reacquired outlets could suggest a healthy franchise system where franchisees are generally successful and satisfied.
However, it is important to note that this data only reflects the situation in California. Prospective franchisees should also consider the performance and reacquisition rates in other states, as well as the overall number of franchise terminations, to gain a comprehensive understanding of the franchise system's health. Further research and communication with current and former franchisees are advised to assess the complete picture.