How many Crave outlets opened in Pennsylvania 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 |
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 outlet opened in Pennsylvania during 2022. The table provided in Item 20 of the FDD outlines outlet openings, terminations, and other changes across various states and years. Specifically, for Pennsylvania in 2022, the 'Outlets Opened' column indicates a value of 1, while the 'Outlets at Start of Year' was 0 and 'Outlets at End of the Year' was 1.
This information is crucial for potential franchisees as it provides insight into the brand's expansion and performance in specific geographic areas. Observing the number of openings, closures, and net changes in outlet counts can help assess the brand's growth trajectory and stability in different markets. For instance, a high number of openings coupled with low terminations might indicate a healthy and expanding market presence.
It's also important to note the difference between franchise agreements signed and actual outlets opened. While Crave may project additional franchised outlets in Pennsylvania for the next fiscal year, as shown in a separate table, the historical data provides a concrete view of past performance. Reviewing these trends over several years, as presented in the table, offers a more comprehensive understanding of the franchise's development and potential risks.
Prospective franchisees should analyze these figures in conjunction with other factors, such as local market conditions, competition, and the franchisor's support and training programs, to make an informed investment decision. Understanding the historical performance and future projections for specific states can significantly impact a franchisee's expectations and business strategy.