How many Coffee News outlets were operating in Maine at the start of 2023?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
22 | 16 | | | 2023 | 16 | | | 2024 | 15 |
Item 20 Table No. 3 Status of Franchised Outlets For years 2022 -2024 Table No. 3-A The United States
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 28–35)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, there were 12 outlets operating in Maine at the start of 2023. The document also indicates that no outlets were opened, terminated, non-renewed, reacquired, or ceased operations for other reasons during 2023. Therefore, the number of Coffee News outlets in Maine remained constant throughout 2023.
For a prospective franchisee, this data indicates stability in the Maine market. It suggests that existing franchisees are maintaining their businesses, and there is neither significant growth nor decline in the number of outlets. This could be interpreted as a positive sign of a stable market or a potential indication of limited growth opportunities.
It's important to note that while the number of outlets remained constant, this doesn't necessarily reflect the financial performance or success of individual franchises. A potential franchisee should investigate further to understand the revenue, expenses, and profitability of Coffee News franchises in Maine. Talking to current franchisees in Maine would provide valuable insights into the day-to-day operations and challenges of running a Coffee News franchise in that specific market.
Overall, the stability in outlet numbers in Maine suggests a mature market for Coffee News. Prospective franchisees should carefully evaluate the market dynamics and financial performance of existing franchises before making a decision.