How many Crave franchises in North Carolina were terminated in 2023?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| North | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 |
| Carolina | 2023 | 4 | 3 | 1 | 0 | 0 | 0 | 6 |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
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 one franchise termination in North Carolina during 2023. The provided table in Item 20 outlines outlet information by state and year, including terminations. This means that one Crave franchise location in North Carolina had its franchise agreement ended, either by Crave or the franchisee, during that year.
This information is crucial for prospective franchisees as it provides insight into the stability and success rate of Crave franchises in specific regions. A high number of terminations could indicate issues with the market, franchisor support, or franchisee performance. Conversely, a low number of terminations, as seen in North Carolina for 2023, might suggest a more stable and successful franchise environment.
It's important to note that a single year's data may not be fully representative. The table also shows that in 2022 there were zero terminations in North Carolina. Reviewing termination rates over several years, as provided in the table, gives a more comprehensive understanding of the risks involved. Prospective franchisees should investigate the reasons behind any terminations to assess whether they were due to factors within the franchisee's control or systemic issues with the Crave franchise system.