How many Crab N Spice outlets opened in Nevada during 2022?
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 | |
| 2 |
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 opened in Nevada during 2022. The FDD provides a table outlining the status of franchised outlets from 2021 to 2023, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically for Nevada, the table indicates that in 2022, there were two outlets at the start of the year, one outlet opened, one termination, and two outlets at the end of the year. This information is valuable for potential franchisees as it provides a historical overview of outlet growth, closures, and overall stability in specific states.
Reviewing these trends can help a prospective franchisee assess the potential risks and opportunities associated with opening a Crab N Spice franchise in Nevada or other states. It's important to note that past performance does not guarantee future results, but this data offers insights into the brand's performance and presence in different markets.