How many Crab N Spice outlets were sold to franchisees in California during 2023?
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 California during 2023. The provided table in Item 20 outlines the status of franchised outlets from 2021 to 2023. Specifically, for California in 2023, the table indicates that the number of 'Outlets Sold to Franchisee' was 0.
This means that no existing Crab N Spice locations in California were transferred from the company or existing franchisees to new franchisees during that year. A prospective franchisee should note that this data reflects only transfers to new franchisees, not the opening of new franchise locations.
It is important to consider this information in the context of the overall growth and stability of the Crab N Spice brand in California. While no outlets were sold to franchisees, the number of outlets at the end of 2023 remained the same as at the beginning of the year, indicating no net loss of franchise locations in the state.