How many total Chocolate Fish Coffee outlets were open at the end of 2022?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the End of the Year | ||||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 |
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 a total of 3 outlets open at the end of 2022. These were all company-owned, as there were zero franchised outlets open during that year. This number remained constant from 2021 to 2023, with no openings, closures, or re acquisitions during that time.
For a prospective franchisee, this indicates that Chocolate Fish Coffee has maintained a small number of company-owned stores. The FDD lists no franchised locations operating between 2021 and 2023. This could mean that the franchise system is relatively new or that the company is primarily focused on corporate-owned locations.
It is important to note that while the total number of outlets remained stable, this does not necessarily reflect the financial performance or customer satisfaction of those locations. A potential franchisee should inquire about the performance metrics of these existing stores to gain a better understanding of the business model. Further due diligence, including speaking with the franchisor about their growth strategy and plans for franchise expansion, is essential before making any investment decisions.