How many Chocolate Fish Coffee outlets were at the start of 2023 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 Chocolate Fish Coffee outlets in California at the start of 2023. The table provided in Item 20 of the FDD details the number of outlets in California from 2021 to 2023. No new outlets opened, closed, or were sold to franchisees during this period, so the number of outlets remained constant. At the end of 2023, there were still 3 Chocolate Fish Coffee outlets in California.
This information is relevant for prospective franchisees as it provides insight into the stability and growth (or lack thereof) of Chocolate Fish Coffee in California. A consistent number of outlets might suggest a stable market presence, but it could also indicate a lack of expansion opportunities. It is important to note that these are company-owned stores, as the number of franchised locations remained at zero during this period.
Prospective franchisees should further investigate the reasons behind the lack of growth and the performance of the existing outlets to assess the potential for success in the California market. Understanding the market dynamics and the franchisor's strategy for the region is crucial before making a decision to invest in a Chocolate Fish Coffee franchise.