How many Crab N Spice outlets were open in Arizona at the start of 2023?
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 | 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 | Table 4 Status of Company-Owned Outlets For years 2021 to 2023
| State | Ye
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 was one Crab N Spice outlet open in Arizona at the start of 2023, according to one table. However, another table indicates that there were zero outlets open in Arizona at the start of 2023. This discrepancy could be due to different reporting methods or definitions of what constitutes an open outlet.
This conflicting information highlights the importance of clarifying such discrepancies with the franchisor before making any investment decisions. A prospective franchisee should seek clarification on which table accurately reflects the outlet status and the reasons for the difference. Understanding the historical performance and current status of outlets in specific regions is crucial for assessing the potential of the franchise in those areas.
It is essential for potential franchisees to conduct thorough due diligence, which includes verifying information presented in the FDD and seeking clarification on any inconsistencies. This will help in making an informed decision about investing in a Crab N Spice franchise.