How many Crave franchise agreements have been signed in Texas, but the outlet has not yet opened?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| States | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company-Owned Outlets in the Next Fiscal Year |
|---|---|---|---|
| Texas | 4 | 10 | 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, as of the date of the FDD, there were 4 franchise agreements signed in Texas for which the outlet had not yet opened. This means that Crave has franchisees in Texas who have committed to opening a location, but that location is not yet operational. This could be due to various factors such as site selection, construction delays, or permitting issues.
It is important to note that this number represents a snapshot in time and can change. Crave also projects opening 10 new franchised outlets in Texas in the next fiscal year. This indicates that Crave is actively looking to expand its presence in Texas and that there is potential for growth in the state.
For a prospective franchisee, this information is relevant for a few reasons. First, it provides an idea of the current level of Crave's development in Texas. Second, it shows that there is interest in the Crave franchise in Texas, as evidenced by the number of signed agreements. Finally, it highlights the potential for future growth in the state, which could be attractive to someone looking to invest in a growing franchise system.