How many Crave franchises in Oklahoma were terminated in 2022?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
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| | 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 |
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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 Oklahoma during the year 2022. At the start of 2022, there was one Crave outlet in Oklahoma. No new outlets were opened during that year. After the termination, the number of Crave outlets in Oklahoma was zero at the end of 2022.
This information is crucial for prospective franchisees as it provides insight into the stability and performance of Crave franchises in specific locations. A high number of terminations could indicate issues with the market, franchisor support, or the franchise model itself. Conversely, a low number of terminations suggests a more stable and successful franchise system.
It's important to note that franchise terminations can occur for various reasons, including the franchisee's decision to leave the system, non-compliance with franchise agreements, or poor performance. Reviewing termination rates in specific states like Oklahoma, alongside the overall financial performance of franchises, can offer a more comprehensive understanding of the risks and opportunities associated with investing in a Crave franchise.