How many Coffee News outlets were operating in PEI at the end of 2024?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
p>*Reallocated to another state/franchisee. Readjusted territories.*
Item 20 Table No. 3- C Status of Franchised Outlets in Canada 2022 -2024
| Province | Year | Outlets at Start of Year | Outlets Opened | Termi nation s | Non- Renewal s | Reaquired By Franchisor | Ceased Operations /Other reasons | Outlets at End of the Year |
|---|
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 2 outlets operating in PEI (Prince Edward Island) at the end of 2024. The table provided in Item 20 of the FDD details the number of outlets in various provinces over the past three years.
Specifically for PEI, the data shows that the number of outlets remained constant from 2022 through 2024. At the start of 2022, there were 2 outlets, and no outlets were opened, terminated, non-renewed, reacquired by the franchisor, or ceased operations for other reasons. This resulted in 2 outlets at the end of 2022. The same pattern continued in 2023 and 2024, with 2 outlets at the start of each year and no changes, leaving 2 outlets at the end of each year.
This stable number of outlets in PEI suggests a consistent market presence for Coffee News in that region. For a prospective franchisee, this could indicate a stable, albeit small, existing customer base. It's important to note that the absence of growth could also imply limited market potential or challenges in expanding the Coffee News business in PEI. Further investigation into the local market dynamics would be beneficial for anyone considering a Coffee News franchise in this area.