What was the total number of Chocolate Fish Coffee franchises reacquired by the franchisor during 2021?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 3 Status of Franchised Outlets For Years 2021 to 2023*
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Ceased | ||||||||
| Operations | ||||||||
| – Other | ||||||||
| Reasons | ||||||||
| N/A | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 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 zero franchises reacquired by the franchisor in 2021. This data is reflected in multiple tables within Item 20, which detail outlet information. Specifically, one table shows that for the year 2021, under the column 'Reacquired by Franchisor,' the value is 0. Another table focusing on California outlets also indicates 0 franchises reacquired from franchisees during 2021. This consistent reporting across different tables reinforces that Chocolate Fish Coffee did not reacquire any franchised locations during that year.
For a potential franchisee, this information is generally positive. A low number of reacquired franchises can suggest that Chocolate Fish Coffee franchisees are typically successful and do not often relinquish their locations back to the company. It could also indicate that Chocolate Fish Coffee has effective franchisee selection and support processes, minimizing the need to take back struggling locations.
However, it is important to consider this information in context with other data in Item 20, such as terminations and non-renewals. A comprehensive understanding of outlet turnover provides a more complete picture of the health and stability of the Chocolate Fish Coffee franchise system. Prospective franchisees should also inquire about the reasons behind any reacquisitions, terminations, or non-renewals to fully assess the risks and opportunities associated with investing in a Chocolate Fish Coffee franchise.