How many Crave franchises in South Carolina were terminated in 2023?
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 |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, one Crave franchise in South Carolina was terminated in 2023. The table provided in Item 20 of the FDD details outlet information, including terminations, across various states and years.
Specifically, for South Carolina in 2023, the table shows that there were zero outlets at the start of the year, two outlets opened, and one termination. This resulted in one outlet at the end of the year.
Prospective franchisees should pay close attention to termination rates as they can be indicative of the overall health and stability of the franchise system. While one termination in a state may not be alarming on its own, it is important to consider this information in conjunction with other factors, such as the number of new outlets opened and the reasons for termination, to gain a comprehensive understanding of the franchise's performance in that region.