How many franchised Crab N Spice outlets were operating at the end of 2021?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
| 0 | Table 3 Status of Franchised Outlets For years 2021 to 2023
| 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 |
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 a total of 5 franchised outlets operating at the end of 2021. This total is comprised of 1 outlet in Arizona, 2 in California, and 2 in Nevada. At the start of 2021, there were only 2 franchised locations open.
Specifically in California, there were 2 franchised Crab N Spice locations operating at the end of 2021, after starting the year with 1 location and opening 1 new location during the year. Nevada saw 2 new Crab N Spice locations open, bringing their total to 2 at the end of 2021. Arizona maintained 1 location throughout 2021.
This data indicates a period of growth for Crab N Spice in 2021, with the opening of 3 new franchised locations across California and Nevada. Prospective franchisees can use this historical data to understand the brand's growth trajectory and market presence in these states.