What was the total number of Crab N Spice outlets in California at the end of 2023?
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 | |
| 2023 |
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 2 Crab N Spice outlets in California at the end of 2023. The table provided in Item 20 details 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 California, the table indicates that in 2023, there were 2 outlets at the start of the year, no outlets opened, no terminations, no non-renewals, no outlets reacquired by the franchisor, and no outlets that ceased operations for other reasons. This resulted in a total of 2 Crab N Spice outlets at the end of 2023 in California.
Prospective franchisees can use this information to understand the historical growth and presence of Crab N Spice in California. It's important to note that while there were 2 outlets at the end of 2023, the table does not provide details on the performance or financial health of these outlets. Further due diligence, including speaking with current franchisees and reviewing the financial performance representations (if any) in the FDD, is recommended to assess the viability of a Crab N Spice franchise in California.