What are the implications of a high number of terminations in the Crave Cookies table?

According to the 2025 Crave Cookies Franchise Disclosure Document, Item 20 includes several tables showing the status of franchised and company-owned outlets over the past few years. However, the provided excerpts do not contain the actual tables with specific numbers of terminations, transfers, or other outlet status changes. Therefore, it's impossible to assess the implications of a 'high number of terminations' based on the information here.

To properly evaluate the health and stability of the Crave Cookies franchise system, a prospective franchisee should carefully examine Table 3, 'Status of Franchised Outlets For Years 2021 to 2024,' in Item 20. This table will show the number of franchise terminations, non-renewals, and other forms of closures. A high number of terminations could indicate issues with the franchise model, franchisee support, or overall profitability.

It is important to compare the number of terminations to the total number of operating franchises to calculate a termination rate. This rate can then be compared to industry averages to determine if Crave Cookies' termination rate is higher or lower than expected. A high termination rate warrants further investigation, including speaking with current and former franchisees to understand the reasons behind the closures. Keep in mind that Item 20 also mentions that some franchisees may have signed agreements restricting what they can say about their experience with Crave Cookies.