In which state did Coffee News have 9 franchise transfers during 2024?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Indiana | 2022 | 3 |
| 2023 | 0 | |
| 2024 | 0 | |
| Maine | 2022 | 5 |
| 2023 | 1 | |
| 2024 | 9 | |
| Michigan | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 0 | |
| Missouri | 2022 | 0 |
| 2023 | 10 | |
| 2024 | 0 | |
| New Hampshire | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| North Carolina | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Total Transfers in the United States | 2022 | 11 |
| 2023 | 12 | |
| 2024 | 9 |
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, Maine was the only state to have 9 franchise transfers during 2024. This indicates a significant change in ownership within the Coffee News franchise network in Maine during that year. Franchise transfers can occur for various reasons, such as franchisees selling their businesses, retiring, or facing personal circumstances that necessitate a change in ownership.
For a prospective Coffee News franchisee, a high number of transfers in a particular area could signal either an opportunity or a cause for concern. On one hand, it could mean that there is an active market for Coffee News franchises in that state, making it easier to potentially sell the franchise in the future. On the other hand, it could also indicate underlying issues within those specific franchise locations, leading to frequent changes in ownership.
It is important to note that the total number of transfers in the United States for 2024 was 9. Maine accounted for all of the franchise transfers in the United States during that year. A prospective franchisee should investigate the reasons behind these transfers in Maine to better understand the market dynamics and potential challenges or opportunities in that region.