At the end of 2024, how many Crave outlets were operating in Tennessee?
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 |
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 was one Crave outlet operating in Tennessee. The table provided in Item 20 of the FDD details the changes in outlet counts by state over the past three years.
This information is crucial for prospective franchisees as it provides insight into Crave's market penetration and performance in specific geographic areas. Knowing the number of outlets opened, terminated, or ceasing operations can help evaluate the brand's growth trajectory and stability in different regions. For example, a high number of terminations or closures might indicate challenges in maintaining successful franchises in that state.
For a potential Crave franchisee in Tennessee, the presence of one existing outlet at the end of 2024 could be viewed as either an opportunity or a risk. On one hand, it suggests there is room for growth and expansion in the state. On the other hand, it may indicate a limited market or challenges in establishing the brand. Further investigation into the performance and history of that existing outlet would be advisable to assess the potential for success in Tennessee.