Did any Crab N Spice franchises have non-renewals between 2021-2023?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Ceased Operations – Other Reasons | ||||||||
| Arizona | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| California | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Nevada | 2021 | 0 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2021 | 2 | 3 | 0 | 0 | 0 | 0 | 5 |
| 2022 | 5 | 1 | 1 | 0 | 1 | 0 | 4 | |
| 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–40)
What This Means (2024 FDD)
According to Crab N Spice's 2024 Franchise Disclosure Document, there were no non-renewals of franchise agreements between 2021 and 2023. This information is based on the table summarizing the status of franchised outlets during that period.
The table provides a breakdown of outlet activity by state and year, including the number of outlets at the start and end of each year, as well as details on openings, terminations, and non-renewals. For the years 2021, 2022, and 2023, the 'Non-Renewals' column consistently shows a value of 0 across all states (Arizona, California, and Nevada) and in the totals. This indicates that no Crab N Spice franchise agreements were not renewed during this three-year period.
For a prospective franchisee, this suggests stability within the Crab N Spice franchise system, at least concerning franchise agreement renewals. It's important to note that this data only covers the period from 2021 to 2023. A potential franchisee should investigate further to understand the historical trends in franchise non-renewals and the reasons behind any past non-renewals, as well as the terms and conditions for franchise renewal outlined in the franchise agreement.