How many Coffee News outlets were operating in PEI at the start 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 Coffee News outlets operating in Prince Edward Island (PEI) at the start of 2024. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations/other reasons, and outlets at the end of the year for various provinces in Canada. This information is presented for the years 2022, 2023, and 2024.
For a prospective franchisee, this data offers insight into the stability and growth of Coffee News in PEI. The fact that the number of outlets remained constant at 2 from 2022 through 2024 suggests a stable market presence, although it does not indicate growth. A potential franchisee might want to investigate the reasons behind the lack of expansion and assess the market potential for additional outlets.
It's important to note that while the table provides a snapshot of outlet activity, it doesn't offer deeper explanations for terminations or lack of growth. A prospective franchisee should consider speaking with current and former Coffee News publishers in PEI to gain a more comprehensive understanding of the local market dynamics and challenges. Further due diligence, including a review of Exhibit D (a list of Coffee News publishers) and Exhibit E (a list of former Coffee News publishers), as mentioned in the FDD, would also be beneficial.