How many Crab N Spice outlets were open at the start of 2023 across all locations?
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 | | | 2022 | 5 | 4 | -1 | | | 2023 | 4 | 4 | 0 | | Company-Owned | 2021 | 3 | 3 | 0 | | | 2022 | 3 | 4 | +1 | | | 2023 | 4 | 4 | 0 | | Total Outlets | 2021 | 5 | 8 | +3 | | | 2022 | 8 | 8 | 0 | | | 2023 | 8 | 8 | 0 |
Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2021 to 2023
| State | Year | Number of Transfers | |---|---|---| | N/A | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 | | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 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 |
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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 8 outlets open at the start of 2023. This figure encompasses both franchised and company-owned locations. Specifically, 4 of these outlets were franchised, and 4 were company-owned.
Looking at the state-by-state breakdown, Arizona had 1 outlet open at the start of 2023, while California had 3. This data provides a snapshot of Crab N Spice's operational footprint at the beginning of the year, which remained constant throughout 2023 as no new outlets were opened and none were closed.
For a prospective franchisee, this information indicates the existing market presence of Crab N Spice at the time. The fact that the total number of outlets remained stable throughout 2023 could suggest a period of consolidation or a strategic pause in expansion. It's important to note that these figures reflect the situation as of the beginning of 2023, and the current number of open outlets may have changed since then. A potential franchisee should inquire about the current number of operating outlets and the franchisor's plans for future expansion.