How many Crab N Spice outlets were operating in Arizona at the start of 2021?
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 |
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 operating in Arizona at the start of 2021. By the end of 2021, there was still only one outlet operating.
This indicates that there was minimal change in the number of Crab N Spice locations in Arizona during 2021. For a prospective franchisee, this could suggest a stable but not rapidly expanding market presence in Arizona during that period. It is important to note that this data is historical and may not be indicative of future growth or performance.
It would be prudent for a potential franchisee to investigate the reasons behind the lack of growth in Arizona during 2021. Further due diligence, including market research and discussions with the franchisor, would be advisable to assess the current market conditions and growth potential in Arizona.