How many total Cr3 American Exteriors outlets were operating at the end of 2023?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of Year | Outlets at the End of Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 7 | +7 | |
| 2024 | 7 | 13 | +6 | |
| Company | 2022 | 5 | 5 | 5 |
| Owned* | 2023 | 5 | 3 | -2 |
| 2024 | 3 | 4 | +1 | |
| Total Outlets | 2022 | 5 | 5 | 0 |
| 2023 | 5 | 10 | +5 | |
| 2024 | 10 | 17 | +7 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–52)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, there were a total of 10 outlets operating at the end of 2023. This number includes both franchised and company-owned outlets. Specifically, there were 7 franchised outlets and 3 company-owned outlets in operation at the close of 2023.
For a prospective franchisee, this indicates the overall size and scale of Cr3 American Exteriors' operations. It's important to note the split between franchised and company-owned locations, as this can reflect the company's strategy and priorities. A higher number of company-owned stores might suggest a greater degree of control and direct involvement by the franchisor, while a larger number of franchised locations could indicate a focus on expansion through partnerships with franchisees.
It is also worth noting the net change in outlets during 2023. The total number of outlets increased by 5, with franchised outlets increasing by 7 and company-owned outlets decreasing by 2. This suggests a shift towards a franchise-based model, which could be a positive sign for potential franchisees as it indicates the franchisor is actively growing the franchise network.
When considering this information, a potential franchisee should investigate further into the reasons behind the changes in outlet numbers, particularly the decrease in company-owned stores. Understanding the franchisor's long-term strategy and the support provided to franchisees will be crucial in making an informed decision.