How many Crave outlets opened in Illinois during 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 |
|---|---|---|---|---|---|---|---|---|
| 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 opened in Illinois during 2022. At the start of 2022, there were no Crave outlets in Illinois. By the end of 2022, there was one outlet.
It is important to note that while one Crave location opened in Illinois during 2022, by 2024, that location had ceased operations due to reasons other than terminations, non-renewals, or reacquisition by the franchisor. As of 2024, there were no Crave locations in Illinois. However, one new location opened in 2024, bringing the total back to one.
Prospective franchisees should consider the history of openings and closures when evaluating the Illinois market. While Crave is projecting four new franchised outlets in Illinois for the next fiscal year, the state has seen some closures. This information can help potential franchisees assess the stability and potential risks associated with opening a Crave franchise in Illinois.