How many Crave outlets were operating in Florida at the end of 2024?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
|
| | 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, there were 4 Crave outlets operating in Florida at the end of 2024. The table provided in Item 20 of the FDD details the changes in outlet counts for each state over the past three years. In Florida, Crave started 2024 with 5 outlets, opened 1 new outlet, but also experienced 1 termination and 1 outlet ceasing operations for other reasons, resulting in a total of 4 outlets by the end of the year.
This information is crucial for potential Crave franchisees in Florida as it provides insight into the brand's performance and stability within the state. The opening of a new outlet suggests growth, but the closures indicate potential challenges or market saturation. Understanding the reasons behind these closures, whether due to performance issues, location problems, or other factors, is essential for making an informed investment decision.
Prospective franchisees should investigate the specific reasons for the termination and ceased operations in Florida during 2024. This could involve speaking with current and former franchisees to gain a deeper understanding of the local market dynamics and any potential risks associated with operating a Crave franchise in Florida. This due diligence will help assess the overall health and potential of the Crave franchise in the region.