What is the total number of Chocolate Fish Coffee outlet transfers in 2023?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
| 3 | +1 | | | 2022 | 3 | 3 | 0 | | | 2023 | 3 | 3 | 0 | Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023
| State | Column 2 | Number of Transfers | |---|---|---| | | Year | | | N/A | 2021 | 0 | 
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, there were zero outlet transfers in 2023. The table titled 'Transfers of Outlets from Franchisees to New Owners' indicates that for the year 2023, the number of transfers was 0. This suggests that no existing Chocolate Fish Coffee franchises were sold to new owners during that year.
This information is crucial for potential franchisees as it provides insight into the stability and desirability of existing Chocolate Fish Coffee franchises. A high number of transfers might indicate that franchisees are struggling or looking to exit the system, while a low number, as in this case, could suggest that franchisees are generally satisfied with their businesses.
It's important to note that this data only reflects transfers to new owners and does not include closures, terminations, or non-renewals, which are reported separately in the FDD. Reviewing these figures in conjunction with the transfer data provides a more comprehensive understanding of outlet turnover within the Chocolate Fish Coffee franchise system.