How many Coffee News outlets were operating in PEI at the start of 2023?
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 Prince Edward Island (PEI) at the start of 2023. This information is based on the provided table that tracks outlet numbers across different provinces in Canada. The table provides a year-by-year breakdown of outlet activity, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations, and the number of outlets at the end of the year.
For a prospective Coffee News franchisee, this data offers insights into the stability and growth (or decline) of the franchise network in specific regions. The fact that PEI maintained a consistent number of outlets from 2022 through 2024, with no openings, closures, or transfers, could indicate a stable but limited market. A potential franchisee might want to investigate the reasons behind the lack of growth and assess the market potential in PEI more thoroughly.
It's important to note that this information is limited to the specific years presented (2022-2024). A more comprehensive understanding of the franchise's performance would require reviewing historical data over a longer period. Additionally, prospective franchisees should speak with current and former franchisees in PEI (if possible) to gain firsthand insights into the challenges and opportunities in that particular market. However, the FDD notes that some franchisees may have signed agreements restricting their ability to speak openly about their experiences with Coffee News.