In which state did Crave have the highest number of franchise transfers in 2024?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Colorado | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Florida | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Louisiana | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Nevada | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| North Carolina | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 2 | |
| Pennsylvania | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| South Carolina | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Texas | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 1 | |
| Total | 2022 | 5 |
| 2023 | 2 | |
| 2024 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, North Carolina experienced the highest number of franchise transfers in 2024. The FDD indicates that North Carolina had two franchise transfers during that year. This information is valuable for prospective franchisees as it provides insight into the stability and turnover of Crave franchises in different states. A high number of transfers could indicate issues with franchise performance or franchisee satisfaction, while a low number might suggest a more stable and successful franchise environment.
In comparison, Texas had one franchise transfer in 2024, while Georgia had one transfer. Colorado, Florida, Louisiana, and Nevada all reported zero franchise transfers during the same period. Pennsylvania and South Carolina also had zero transfers in 2024. The total number of franchise transfers across all states in 2024 was four.
Prospective Crave franchisees should consider these transfer rates when evaluating potential locations. It would be prudent to investigate the reasons behind franchise transfers in specific states to better understand the potential challenges and opportunities associated with operating a Crave franchise in those areas. Understanding these dynamics can help franchisees make informed decisions and prepare for the realities of managing a Crave franchise.