How does the Crave Cookies table define a 'transfer'?

According to Crave Cookies' 2025 Franchise Disclosure Document, Table 2 provides data on 'Transfers of Outlets from Franchisees to New Owners (other than the Franchisor)'. This table specifically tracks instances where existing Crave Cookies franchisees sell their locations to new owners, excluding any transfers back to the company itself.

For a potential franchisee, this information is valuable for understanding the resale market for Crave Cookies franchises. A high number of transfers might indicate a healthy market for selling a franchise, while a low number could suggest difficulty in finding buyers. It is important to note that the table only includes transfers to new owners, not closures or buybacks by Crave Cookies.

The table includes data for the years 2021 to 2024, showing the number of transfers in specific states like Florida, Nevada, and Utah, as well as the total number of transfers system-wide. Reviewing these historical transfer rates can give prospective franchisees insight into how often franchises change hands and in which geographic areas.