What was the total number of Cinnaholic outlet transfers in 2023?

According to Cinnaholic's 2025 Franchise Disclosure Document, there were a total of 4 outlet transfers in 2023. This information is detailed in Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers involving the franchisor. The table provides a breakdown by state, showing the number of transfers that occurred in each state during the years 2022, 2023, and 2024.

For a prospective Cinnaholic franchisee, understanding the number of transfers can provide insights into the stability and desirability of existing locations. A higher number of transfers might indicate challenges in maintaining successful franchise operations, while a lower number could suggest franchisee satisfaction and profitability. It is important to note that these transfers do not involve Cinnaholic directly reacquiring the locations, but rather franchisees selling to other parties.

It is also important to consider the context behind these transfers. Transfers can occur for various reasons, such as franchisee retirement, relocation, or underperformance. A prospective franchisee should investigate the reasons for transfers in specific locations to better assess the potential risks and opportunities associated with acquiring an existing Cinnaholic franchise. Reviewing Exhibit F and G may provide additional context regarding franchisee turnover and contact information for current and former franchisees.

While the FDD provides data on outlet transfers, it does not offer specific details on the financial performance or operational history of the transferred locations. A prospective franchisee should conduct thorough due diligence, including reviewing the financial records of the specific location they are considering acquiring and speaking with current and former franchisees to gain a comprehensive understanding of the business.