What was the total number of Crab N Spice outlets opened during 2022?
Crab_N_Spice Franchise · 2024 FDDAnswer from 2024 FDD Document
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Table 1 Systemwide Outlet Summary For years 2021 to 2023
| 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 |
Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2021 to 2023
| State | Year | Number of Transfers | |---|---|---| | N/A | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 | | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 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 |
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 2 outlets opened in 2022. Specifically, one franchised outlet and one company-owned outlet were opened.
Table 3, 'Status of Franchised Outlets For years 2021 to 2023', shows that one franchised Crab N Spice location opened in Arizona during 2022. The table also indicates that there were 3 franchised locations at the start of 2022, and 4 at the end of the year.
Table 4, 'Status of Company-Owned Outlets For years 2021 to 2023', is not included in the provided excerpts. However, the 'Systemwide Outlet Summary' table shows that one company-owned Crab N Spice location opened in 2022. This increased the number of company-owned locations from 3 to 4 during that year.
The 'Systemwide Outlet Summary' table shows that the total number of Crab N Spice outlets remained at 8 for 2022. This is because while one franchised and one company-owned location opened, one franchised location also closed, resulting in no net change in the total number of outlets.