How many company-owned Crab N Spice outlets were operating at the end of 2023?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
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Table 1 Systemwide Outlet Summary For years 2021 to 2023
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 2 | 5 | +3 |
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, at the end of 2023, there were 4 company-owned Crab N Spice outlets. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start of each year, the number at the end of the year, and the net change.
Specifically, for company-owned outlets in 2023, the table indicates that there were 4 outlets at the start of the year and 4 outlets at the end of the year, resulting in a net change of 0. This means that no new company-owned outlets were opened, and no existing ones were closed during that year.
This information is useful for potential franchisees as it provides insight into the company's operational structure and its involvement in managing its own outlets. It also shows the stability of company-owned store counts, which can be an indicator of the overall health and strategy of the Crab N Spice franchise system.