How many Cinnaholic outlets were operating in Florida at the end of 2024?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| North Carolina | 2022 | 0 | | | 2023 | 1 | | | 2024 | 2 | | Texas | 2022 | 1 | | | 2023 | 0 | | | 2024 | 2 | | Washington | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Total | 2022 | 5 | | | 2023 | 4 | | | 2024 | 11 |
Table No. 3 Status of Franchised Outlets For Years 2022/2023/2024
| State | Year | Outlets at Start of Year | Outlets Opened | Termi nations | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, there were 2 Cinnaholic outlets operating in Florida at the end of 2024. The table provided in Item 20 outlines the changes in outlet numbers over the past three years. In 2022, Florida started with 2 outlets, opened 1, had 1 reacquired by the franchisor, and ended the year with 2 outlets. In 2023, Florida had 2 outlets at the start of the year, opened 2, and ended the year with 4 outlets. However, in 2024, while there were 4 outlets at the beginning of the year, 2 ceased operations for other reasons, resulting in only 2 outlets remaining by the end of 2024.
This information is crucial for potential franchisees as it provides insight into the stability and growth of Cinnaholic in Florida. The fact that 2 locations ceased operations in 2024, despite no terminations or non-renewals, could indicate challenges within the Florida market. These challenges could range from location-specific issues to broader economic factors affecting the profitability of Cinnaholic franchises in the region.
Prospective franchisees should investigate the reasons behind the closures to better understand the potential risks and opportunities in the Florida market. Understanding the factors that led to these closures can help new franchisees make informed decisions about location selection, operational strategies, and financial planning. It's also important to note that while the number of outlets can indicate growth, it doesn't necessarily reflect the financial health or success of individual franchise locations. Therefore, further due diligence, including reviewing the financial performance representations (if any) in the FDD and speaking with current and former franchisees, is essential.