How many Crave Cookies franchises were reacquired by the franchisor in Utah during 2024?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Utah | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 1 | 0 | 0 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 41–47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, one franchise in Utah was reacquired by the franchisor during 2024. The table provided in Item 20 outlines the status of franchised outlets for the years 2021 to 2024, showing that in 2024, one Crave Cookies location was reacquired in Utah. At the start of 2024, there was one outlet, and by the end of the year, there were two, with one location having been reacquired by Crave Cookies.
This information is relevant for prospective franchisees as it provides insight into the stability and changes within the Crave Cookies franchise system. Reacquisitions can occur for various reasons, such as franchisee non-compliance, financial difficulties, or strategic decisions by the franchisor. Understanding the frequency and reasons behind reacquisitions can help a potential franchisee assess the risks and opportunities associated with investing in a Crave Cookies franchise.
It's important to note that while one location was reacquired, no outlets were closed in Utah during 2024, and no outlets were sold to a new franchisee. This suggests that the reacquired location was brought back under the franchisor's management rather than being permanently removed from the system. Additionally, the number of outlets in Utah increased from one to two during 2024, indicating overall growth in the state despite the reacquisition.