What was the total number of Crave franchise transfers across all states in 2023?
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, there were a total of 2 franchise transfers across all states during the year 2023. This figure provides insight into the stability and turnover within the Crave franchise system. A low number of transfers could indicate franchisee satisfaction, but it could also reflect stringent transfer policies or a limited market for resales.
Franchise transfers occur when an existing franchisee sells their business to a new owner. Monitoring the number of transfers can be valuable for prospective franchisees as it can provide insights into the health and desirability of the franchise system.
It is important to note that franchise transfers are a normal part of any franchise system. Potential franchisees should inquire about the reasons for any transfers and the process for transferring a franchise to fully understand the implications for their investment.