What was the net change in the number of franchised Crave outlets during the year 2024?

According to Crave's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets in 2024 was a decrease of 2 locations. At the start of 2024, there were 24 franchised Crave outlets, but by the end of the year, the number had dropped to 22. This indicates that during 2024, the number of Crave franchise closures or terminations exceeded the number of new franchise openings.

A prospective franchisee should carefully consider this decrease in outlets. While a single year's performance doesn't necessarily indicate a long-term trend, it warrants further investigation. Understanding the reasons behind the net decrease is crucial. Were these closures due to poor location choices, lack of franchisee support, or broader economic factors?

It would be prudent for a potential franchisee to discuss this decrease with Crave's management team. Asking for details about the specific locations that closed, the reasons for their closure, and the support systems in place to prevent future closures would be beneficial. Additionally, reviewing the performance of existing franchises and understanding the overall health of the Crave franchise system is essential before making a decision.