At the end of 2024, how many Crave outlets were operating in Pennsylvania?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
|
| | 2024 | 1 | | Total | 2022 | 5 | | | 2023 | 2 | | | 2024 | 4 |
Table No. 3 Status of Franchised Outlets For years 2022, 2023, 2024
| 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 |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, at the end of 2024, there were zero Crave outlets operating in Pennsylvania. The table provided in Item 20 of the FDD details the outlet information by state. In 2022, Crave opened one outlet in Pennsylvania, bringing the total to one at the end of 2022. This remained constant through 2023, with one outlet at the start and end of the year. However, in 2024, one termination occurred, resulting in zero outlets at the end of the year.
This information is crucial for prospective franchisees in Pennsylvania as it indicates the current market presence (or lack thereof) for Crave in the state. While there were previously operating outlets, the fact that there are none at the end of 2024 could signify challenges or market-specific issues that potential franchisees should investigate. It is important to note that while there were no operating outlets, Crave projects two new franchised outlets in Pennsylvania for the next fiscal year.
Prospective franchisees should inquire about the reasons for the termination of the previous outlet to better understand the market dynamics and potential risks. Understanding the factors that led to the closure can inform their business strategy and help them avoid similar pitfalls. Additionally, knowing the specific locations planned for the projected new outlets can provide insights into Crave's growth strategy and market targeting within Pennsylvania.