How many Crab N Spice outlets were open in California at the end of 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 two franchised Crab N Spice outlets open in California at the end of 2023. The provided table tracks the status of franchised outlets from 2021 to 2023, showing the number of outlets at the start of each year, any openings or terminations, and the resulting number of outlets at the end of the year. This information is crucial for prospective franchisees to understand the brand's growth and stability in specific markets.
Specifically, the table indicates that in California, there were two Crab N Spice outlets at the start of 2023. Throughout the year, there were no new openings, terminations, non-renewals, or re acquisitions by the franchisor. Consequently, the number of outlets remained constant, with two outlets operating in California at the close of 2023.
This data point offers a glimpse into Crab N Spice's performance and presence in California. A prospective franchisee should further investigate the performance of these existing locations, market conditions, and the franchisor's plans for future expansion in California to assess the potential for success.