What should a prospective Chocolate Fish Coffee franchisee do to determine their potential costs and expenses?

According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the financial performance representation provided does not reflect all the costs and expenses a franchisee will incur. The FDD emphasizes that to determine potential costs and expenses, a prospective franchisee should conduct an independent investigation. This investigation should aim to identify all costs associated with operating a Chocolate Fish Coffee Roasters business.

To conduct this independent investigation, Chocolate Fish Coffee suggests that prospective franchisees consider contacting current or former franchisees listed in Item 20 of the Franchise Disclosure Document. These individuals may provide valuable insights into the actual costs and expenses they have experienced while operating their own Chocolate Fish Coffee franchises.

By contacting current and former franchisees, a prospective franchisee can gather firsthand information about expenses such as cost of goods sold, operating expenses, and other costs that are not included in Item 19's financial performance representation. This information, combined with their own research and due diligence, will help them develop a more accurate understanding of the potential financial investment required to successfully operate a Chocolate Fish Coffee franchise.