How many Crab N Spice outlets were sold to franchisees across all locations in 2022?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | From | ||||||
| Year | Franchisee | ||||||
| Arizona | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| California | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 1 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 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 no outlets sold to franchisees in 2022. The provided table regarding outlet information from 2021 to 2023 shows a column specifically for 'Outlets Sold to Franchisee.'
In 2022, across all locations including Arizona and California, the number of outlets sold to franchisees was zero. This indicates that Crab N Spice did not transfer any of its existing outlets to new franchisee ownership during that year.
Prospective franchisees should note that while no outlets were sold to franchisees in 2022, this doesn't necessarily reflect the overall health or growth of the franchise system. It simply means that the company did not re-sell any existing franchised locations to new owners during that period. Further research into the number of new franchise openings and overall system sales trends would provide a more complete picture of Crab N Spice's expansion strategy.