How many Crave outlets in Florida ceased operations for other reasons during 2024?
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 |
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 outlet in Florida ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2024. The table provided in Item 20 of the FDD outlines outlet data by state and year, including reasons for closures.
This information is crucial for prospective franchisees as it provides insight into the stability and potential risks associated with operating a Crave franchise in Florida. Understanding the reasons behind outlet closures can help franchisees assess the market conditions, operational challenges, or other factors that may impact their investment.
It's important to note that 'ceased operations – other reasons' can encompass a variety of circumstances, such as failure to meet performance standards, disputes between partners, or other unforeseen issues. A prospective franchisee should inquire with Crave about the specific reasons for these closures to gain a more comprehensive understanding.
By examining the historical data on outlet performance, prospective franchisees can make a more informed decision about investing in a Crave franchise and develop strategies to mitigate potential risks.