How many Craters & Freighters outlets terminated their agreements in Michigan during 2024?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of the Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Alabama | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 45–49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, there were no terminations of franchise agreements in Michigan during 2024. The provided table indicates that the number of Craters & Freighters outlets in Michigan remained constant at one from the start to the end of 2024. The 'Terminations' column shows a '0' for Michigan in 2024, meaning no franchise agreements were terminated during that year. This suggests stability in the Michigan market for Craters & Freighters during that period.
For a prospective franchisee, this information can be reassuring as it indicates that existing franchisees in Michigan did not terminate their agreements, which could be a sign of a healthy business environment. However, it is essential to consider this information in conjunction with other factors, such as the overall performance of the outlet and the reasons for any non-renewals or re acquisitions by the franchisor.
It's also worth noting that while no terminations occurred, no new outlets were opened in Michigan during 2024 either. This could indicate a saturated market or a lack of expansion opportunities in that particular state. A potential franchisee should investigate the reasons behind the lack of growth and assess the potential for future expansion before investing in a Craters & Freighters franchise in Michigan.