How many Crawl Space Ninja franchises ceased operations in Tennessee during 2023?
Crawl_Space_Ninja Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Terminations | Column 6 Non- renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Column 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| AL | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| DE | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| GA | 2021 | 2 | 3 | 0 | 0 | 0 | 0 | 5 |
| 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2023 | 5 | 0 | 1 | 0 | 0 | 0 | 4 | |
| KY | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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, one franchise in Tennessee ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2023. The data regarding franchise outlets covers the previous three fiscal years, from 2021 to 2023. This information is crucial for potential franchisees to understand the stability and turnover within the Crawl Space Ninja franchise system.
Specifically, the table provides a breakdown of outlet activity by state and year, including the number of outlets at the start and end of each year, as well as any openings, terminations, non-renewals, re acquisitions, or instances of ceased operations. For Tennessee in 2023, the table indicates that there was one franchise operating at the start of the year, and one franchise ceased operations for other reasons, resulting in one outlet at the end of the year.
Reviewing this type of historical data is a standard practice in franchise due diligence, allowing prospective franchisees to assess the health and sustainability of the franchise system. A high number of closures or ceased operations could signal potential issues with the franchise model or support provided by Crawl Space Ninja. Conversely, a stable or growing number of outlets suggests a more robust and successful franchise system.