At the end of 2024, how many Crave outlets were operating in North Carolina?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Termina -tions | Non Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| North | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 |
| Carolina | 2023 | 4 | 3 | 1 | 0 | 0 | 0 | 6 |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, there were 6 Crave outlets operating in North Carolina at the end of 2024. The table provided in Item 20 of the FDD details the changes in outlet counts over the past three years. In 2024, there were 6 outlets at the start of the year, and no new outlets opened during the year. There were also no terminations, non-renewals or re acquisitions by the franchisor. Therefore, the number of outlets remained at 6 at the end of 2024.
This information is crucial for potential franchisees as it provides insight into the brand's growth and stability in specific regions. A consistent or growing number of outlets can indicate a healthy market presence and brand recognition. Conversely, a decline in the number of outlets may warrant further investigation into the reasons behind the closures or terminations.
Prospective franchisees should also consider this information in conjunction with other data provided in the FDD, such as franchisee turnover rates and financial performance representations, to gain a comprehensive understanding of the franchise opportunity. It is also advisable to speak with existing franchisees in North Carolina to gather firsthand insights into their experiences and the market conditions in the state.