How many Chocolate Fish Coffee outlets were sold to 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 Chocolate Fish Coffee outlets sold to franchisees in California during 2022. The provided table indicates that in 2022, the number of outlets sold to franchisees in California was zero. At the start of 2022, there were 3 outlets in California, and at the end of 2022, there were still 3 outlets, with no changes occurring during the year.
This information is crucial for potential franchisees as it provides insight into the transfer activity of Chocolate Fish Coffee outlets. A lack of sales to franchisees could indicate several factors, such as franchisee satisfaction, brand stability, or a preference for company-owned stores.
Prospective franchisees should further investigate the reasons behind the absence of franchise resales. Understanding whether this is due to high franchisee retention or other factors will be essential in evaluating the investment opportunity with Chocolate Fish Coffee.