How many franchised Crawl Space Ninja outlets were operating at the start of 2021?
Crawl_Space_Ninja Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 7 | 17 | +10 |
| 2022 | 17 | 21 | +4 | |
| 2023 | 21 | 18 | -3 | |
| Company – | 2021 | 5 | 2 | -3 |
| Owned* | ||||
| 2022 | 2 | 1 | -1 | |
| 2023 | 1 | 1 | 0 | |
| Total | 2021 | 12 | 19 | +7 |
| Outlets | ||||
| 2022 | 19 | 22 | +3 | |
| 2023 | 22 | 19 | -3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–51)
What This Means (2024 FDD)
According to Crawl Space Ninja's 2024 Franchise Disclosure Document, there were 7 franchised outlets operating at the beginning of 2021. By the end of 2021, this number increased to 17, representing a net change of +10 franchised locations during that year.
This data indicates a period of growth for Crawl Space Ninja's franchise system in 2021. Potential franchisees can see this growth as a positive sign, suggesting the brand was gaining traction and expanding its footprint. However, it's important to consider that past performance doesn't guarantee future results.
The FDD also shows the changes in franchised outlets for subsequent years. In 2022, the number of franchised locations increased from 17 to 21, a net change of +4. However, in 2023, the number decreased from 21 to 18, a net change of -3. This fluctuation highlights the importance of further investigation into the factors driving these changes, such as franchisee performance, market conditions, and franchisor support.
A prospective franchisee should investigate the reasons behind the changes in outlet numbers, especially the decrease in 2023. Understanding these factors will help them assess the stability and growth potential of a Crawl Space Ninja franchise.