How many Crave franchised outlets were operating at the start of 2023?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 14 | 17 | +3 |
| 2023 | 17 | 24 | +7 | |
| 2024 | 24 | 22 | -2 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned* | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 14 | 17 | +3 |
| 2023 | 17 | 24 | +7 | |
| 2024 | 24 | 22 | -2 |
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 17 franchised outlets operating at the start of 2023. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2022, 2023, and 2024.
Specifically, the table shows that Crave had 14 franchised outlets at the start of 2022, which increased to 17 by the end of that year. During 2023, the number of franchised outlets grew from 17 to 24, representing a net change of +7 outlets. However, in 2024, there was a slight decrease, with the number of outlets dropping from 24 to 22.
This information is valuable for potential franchisees as it provides insight into the growth and changes in the number of Crave franchised locations over the past three years. It's important to note that while there was growth in 2023, there was a slight decline in 2024, which could be a point of discussion with the franchisor to understand the reasons behind the change.