What was the net change in the total number of Coffee News outlets in Canada during 2024?
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 total net change of Coffee News franchised outlets in Canada during 2024 was a decrease of 3. Specifically, the number of franchised outlets started the year at 142 and ended at 139, resulting in the net change of -3.
This means that for a prospective franchisee, the Coffee News franchise system in Canada experienced a slight contraction in 2024. While not a large decrease, it indicates that more franchises closed or were terminated than opened during that year. This could be due to various factors such as economic conditions, franchisee performance, or strategic decisions by Coffee News.
It's important to note that this net change only reflects the franchised outlets and does not include any company-owned outlets, as Coffee News did not have any company-owned outlets in Canada during 2022-2024. A prospective franchisee should investigate the reasons behind this decrease and assess whether this trend is likely to continue or if Coffee News has strategies in place to reverse it.