What was the net change in the number of franchised Cr3 American Exteriors outlets during 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's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2023 was an increase of 7. At the start of 2023, there were 0 franchised outlets, and by the end of the year, this number had increased to 7. This indicates a significant expansion of the franchise system during that year.
For a prospective franchisee, this rapid growth could be seen as a positive sign, suggesting that the Cr3 American Exteriors business model is attractive and successful in recruiting new franchisees. However, it's also important to consider that rapid growth can sometimes strain a franchisor's resources and support systems. A potential franchisee should investigate how Cr3 American Exteriors manages this growth to ensure adequate training, marketing support, and supply chain management are in place.
It is also important to note that while the total number of franchised outlets increased, the number of company-owned outlets decreased by 2 during 2023. This could indicate a strategic shift towards franchising as the primary mode of expansion for Cr3 American Exteriors. A potential franchisee might want to inquire about the reasons for this shift and how it might affect the overall franchise system and the support provided to franchisees.
Overall, the data suggests that 2023 was a year of significant growth for Cr3 American Exteriors's franchise system. Prospective franchisees should carefully evaluate the implications of this growth and ensure that the franchisor has the resources and systems in place to support its franchisees effectively.