How many franchised Crab
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 3 Status of Franchised Outlets For years 2021 to 2023
Table 4 Status of Company-Owned Outlets For years 2021 to 2023
Table 5 Projected Openings As Of December 31, 2023
Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2021 to 2023
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, Table 1, Systemwide Outlet Summary, shows the number of franchised outlets for the years 2021 to 2023. At the start of 2021, there were 2 franchised outlets, which increased to 5 by the end of the year. In 2022, the number decreased from 5 to 4. The number of franchised Crab N Spice locations remained constant in 2023, with 4 outlets at both the start and end of the year.
Table 5, Projected Openings as of December 31, 2023, provides insight into the anticipated growth of Crab N Spice. The document projects 5 new franchised outlets to open in the next fiscal year, with 1 in Arizona, 3 in California, and 1 in Nevada.
Table 2, Transfers of Outlets from Franchisees to New Owners, indicates the number of franchise resales. For the years 2021, 2022, and 2023, the number of transfers was 0.
Table 3, Status of Franchised Outlets, and Table 4, Status of Company-Owned Outlets, provide additional context to the franchise's performance between 2021 and 2023.