What was the total number of Crawl Space Ninja franchises operating at the end of 2023?
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 – | 2 |
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, at the end of 2023, there were 18 franchised outlets. This number reflects a net decrease of 3 franchises compared to the beginning of the year. In 2023, the number of franchised locations started at 21 and ended at 18.
It is important to note that while the number of franchised outlets decreased, the number of company-owned outlets remained constant at 1. This indicates a slight shift in the distribution of outlet types within the Crawl Space Ninja system.
A prospective franchisee should consider the reasons behind the net decrease in franchised outlets during 2023. Understanding the factors that contributed to this decline can provide valuable insights into the challenges and opportunities within the Crawl Space Ninja franchise system.