How many franchised Crave 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. This number is part of a table that tracks the status of franchised outlets over a three-year period.
The table also shows that Crave ended 2022 with 17 franchised outlets, indicating a net increase of 3 outlets during that year. In 2023, Crave grew to 24 franchised locations by year's end, representing a net increase of 7 outlets. However, in 2024, the number of franchised locations decreased by 2, resulting in 22 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the growth and stability of the Crave franchise system. The data reveals the net change in franchised outlets, which can help assess the brand's expansion and potential challenges. Reviewing these trends over multiple years can offer a more comprehensive understanding of the franchise's performance and sustainability.
Prospective franchisees should further investigate the reasons behind the changes in outlet numbers, such as terminations, non-renewals, or closures, to gain a deeper understanding of the factors influencing the franchise system's dynamics. Understanding these factors can help franchisees make informed decisions about their investment and involvement with Crave.