What was the net change in the number of franchised Coffee News outlets in Canada during 2023?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Changes |
|---|---|---|---|---|
| Franchised | 2022 | 194 | 139 | -55 |
| 2023 | 139 | 142 | -3 | |
| 2024 | 142 | 139 | -3 | |
| Company- | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 194 | 139 | -55 |
| 2023 | 139 | 142 | 3 | |
| 2024 | 142 | 139 | -3 |
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, the net change in the number of franchised outlets in Canada during 2023 was a decrease of 3. Specifically, the number of franchised Coffee News outlets in Canada started 2023 at 139 and ended the year at 142. This resulted from 6 outlets opening and 3 terminations.
It is important to note that while the total number of franchised outlets increased by 3, the table indicates a net change of -3. This discrepancy may be due to territory reallocations or other adjustments, as indicated by footnotes in other tables within Item 20. A prospective franchisee should clarify the reasons for this difference with Coffee News to fully understand the dynamics of outlet changes.
Overall, the Canadian market saw minimal growth in franchised Coffee News locations during 2023. This information is valuable for potential franchisees as it provides a snapshot of the brand's recent performance in Canada, which can be used to assess the stability and growth potential of the franchise in that region.