How many total Crab N Spice outlets were operating at the end of 2021?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 operating at the end of 2021. This total is comprised of both franchised and company-owned locations. Specifically, there were 5 franchised outlets and 3 company-owned outlets in operation at the close of 2021.
The FDD provides a detailed breakdown of outlet activity by state. In 2021, Arizona had 1 franchised outlet, California had 2 franchised outlets, and Nevada had 2 franchised outlets. California also had 3 company-owned outlets. This level of detail can be helpful for prospective franchisees to understand the geographic distribution of Crab N Spice locations and to assess market saturation in their target areas.
The information presented in the FDD allows potential franchisees to understand the growth and changes within the Crab N Spice franchise system over the past few years. By examining the number of outlets opened, terminated, or reacquired, franchisees can gain insights into the stability and performance of the franchise network. This historical data is valuable for making informed decisions about investing in a Crab N Spice franchise.