How many Chocolate Fish Coffee outlets were at the start of 2022 in California?
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 |
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 3 company-owned outlets in California at the start of 2022. The FDD indicates that these were all company-owned, as there were zero franchised outlets at that time. This information is based on the provided table summarizing outlet data from 2021 to 2023.
For a prospective franchisee, this indicates that Chocolate Fish Coffee has maintained a consistent number of company-owned stores in California over the period of 2021-2023. The company did not open or close any stores during this time. This could suggest a stable market presence in California, but also limited growth during those years.
It is important to note that while the number of company-owned stores remained constant, the FDD also projects opening one new franchised outlet in California in the next fiscal year. This suggests that Chocolate Fish Coffee is looking to expand its franchise operations in California, which could present an opportunity for new franchisees in the state.
Prospective franchisees should further investigate the performance and financial health of these existing company-owned stores to better understand the market dynamics and potential for success in California. They should also inquire about the specific plans and support Chocolate Fish Coffee has in place for new franchised locations.