How many Chocolate Fish Coffee outlets were sold to franchisees in 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 zero outlets sold to franchisees in 2023. The provided table regarding the status of franchised outlets from 2021 to 2023 indicates that in 2023, zero outlets were sold to franchisees in California. The table also shows that no outlets were reacquired from franchisees during that year. At the start of 2023, there were 3 outlets, and at the end of 2023, there were still 3 outlets.
Additionally, the systemwide outlet summary for 2021 to 2023 shows that there were zero franchised outlets at the start and end of each year. This data reinforces that Chocolate Fish Coffee did not engage in selling any outlets to franchisees during 2023.
This information is crucial for potential franchisees as it provides insight into the stability and transfer activity within the Chocolate Fish Coffee franchise system. A lack of sales to franchisees could indicate various factors, such as franchisee satisfaction or limited opportunities for existing franchisees to expand their operations by acquiring existing outlets.