What was the net change in the total number of Chocolate Fish Coffee outlets during 2023?
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, the net change in the total number of outlets during 2023 was 0. The total number of outlets remained constant at 3 throughout the year. This figure includes both franchised and company-owned locations.
Specifically, the number of franchised outlets remained at 0 for the entire year of 2023. The number of company-owned outlets also remained constant at 3 during this period. This indicates that Chocolate Fish Coffee did not open any new locations, close any locations, or experience any change in ownership type during 2023.
For a prospective franchisee, this data suggests a period of stability in the Chocolate Fish Coffee system. While no growth occurred in 2023, there were also no closures, indicating a potentially stable business model. It is important to note that the absence of franchised locations may reflect a strategic decision by the company or could indicate challenges in attracting franchisees. Further investigation into Chocolate Fish Coffee's growth strategy and franchise development plans would be beneficial for potential investors.