How many company-owned Coffee News outlets were closed in Canada during 2022?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| Province | Year | Outlets at Start of Year | Outlets Opened | Outlets Reaquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| None | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 28–35)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, there were no company-owned Coffee News outlets closed in Canada during 2022. The provided table regarding the status of company-owned outlets in Canada for the years 2022-2024 indicates that the number of company-owned outlets remained at zero for each of those years. This suggests that Coffee News primarily operates through franchised locations in Canada, rather than company-owned ones.
For a prospective franchisee, this information is relevant because it highlights the business model of Coffee News in Canada. The absence of company-owned stores might indicate that Coffee News focuses its resources on supporting franchisees rather than managing its own outlets. It could also mean that the franchisor believes franchisees are better positioned to manage and grow the business in local markets.
It is important to note that while no company-owned stores closed, the table regarding franchised outlets in Canada shows that 47 franchised locations ceased operations for other reasons, while -8* are noted in Ontario. This could be due to various factors such as poor performance, failure to renew the franchise agreement, or other unforeseen circumstances. A potential franchisee should investigate the reasons behind these closures to better understand the challenges and opportunities within the Canadian market.
Overall, the data suggests a stable company-owned presence (or lack thereof) in Canada, but significant turnover in franchised locations. A prospective franchisee should carefully consider these trends and ask Coffee News for more detailed information about the reasons for franchise closures and the support provided to help franchisees succeed.