What is the trend in the number of Crab N Spice outlets in Arizona from 2021 to 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | California | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Nevada | 2021 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Totals | 2021 | 2 | 3 | 0 | 0 | 0 | 0 | 5 | | | 2022 | 5 | 1 | 1 | 0 | 1 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | Table 4 Status of Company-Owned Outlets For years 2021 to 2023
| 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 | **Table 5 P
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, the number of outlets in Arizona has fluctuated between 2021 and 2023. Initially, in 2021, there was 1 outlet at the start of the year, which remained the same at the end of the year. However, in 2022, the number decreased to 0, and in 2023, it remained at 0.
Alternatively, another table indicates that in 2021, there were 0 outlets at the start and end of the year. In 2022, one outlet was opened, bringing the total to 1. This number remained constant through 2023, with 1 outlet at both the start and end of the year.
Due to the conflicting information presented in the two tables, a prospective franchisee should seek clarification from Crab N Spice regarding the accurate number of outlets in Arizona during these years. Understanding the true number of operating units and any closures or transfers is crucial for assessing the brand's performance and stability in the Arizona market.