What is the Crawl Space Ninja outlet owned and operated by an affiliate called, and where is it located?
Crawl_Space_Ninja Franchise · 2024 FDDAnswer from 2024 FDD Document
As of the issuance date of this disclosure document, we also have one (1) outlet that is owned and operated by our affiliate, in Knoxville, Tennessee (the "Affiliate-Owned Outlet"). Our Affiliate-Owned Outlet opened in January 2006 and operates in a substantially similar manner to our System franchisees; however, our Affiliate-Owned Outlet is a mature outlet that services a substantially larger territory than those typically granted to our System franchisees and does not operate under certain territorial restrictions as do our System franchisees.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 41–49)
What This Means (2024 FDD)
According to Crawl Space Ninja's 2024 Franchise Disclosure Document, the affiliate-owned outlet is referred to as the "Affiliate-Owned Outlet" and is located in Knoxville, Tennessee. The Affiliate-Owned Outlet has been operating since January 2006.
It is important to note that the Affiliate-Owned Outlet operates in a substantially similar manner to Crawl Space Ninja's system franchisees, offering approved products and services under the company's principal marks. However, there are key differences. The Affiliate-Owned Outlet services a substantially larger territory than those typically granted to franchisees and does not operate under the same territorial restrictions.
Item 19 of the FDD provides financial performance information for this Affiliate-Owned Outlet, including total revenue, adjusted gross revenue, and disclosed operating expenses. This data can be useful for prospective franchisees to understand the potential financial performance of a Crawl Space Ninja business, but it's crucial to consider that the Affiliate-Owned Outlet's performance may not be directly comparable due to its larger territory and lack of territorial restrictions.