At the end of 2024, how many Crave outlets were operating in South Carolina?
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, there was 1 outlet operating in South Carolina at the end of 2024. The table provided in Item 20 of the FDD outlines the outlet information for each state. This includes the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Crave franchise system in specific states. It shows the net change in the number of outlets over the year, which can indicate the success and challenges faced by franchisees in that region.
Specifically, the data for South Carolina shows that in 2023, 2 outlets were opened, but 1 was terminated, resulting in 1 outlet at the start of 2024. No additional outlets were opened or terminated during 2024, leaving 1 outlet operating at the end of the year. This information can help potential franchisees assess the market conditions and potential risks associated with opening a Crave franchise in South Carolina.