How many company-owned Cream outlets were closed across all states in 2023?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
0 | 0 | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 |#### TABLE NO. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022 TO 20241
| Outlets | Outlets | Reacquired | Outlets | Outlets | Outlets at | |||
|---|---|---|---|---|---|---|---|---|
| State | Year | at Start of Year | Opened | from Franchisee | Closed | Sold to Franchisee | End of Year | |
| California | 2022 | 5 | 1 | 0 | 0 | 0 | 6 | |
| 2023 | 6 | 4 | 0 | 1 | 0 | 9 | ||
| 2024 | 9 | 0 | 0 | 1 | 0 | 8 | ||
| Alabama | 2022 | 1 | 1 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | ||
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 | ||
| Arizona | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 1 | ||
| 2024 | 1 | 1 | 0 | 0 | 0 | 2 | ||
| District of | 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Columbia | ||||||||
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | ||
| 2024 | 3 | 0 | 0 | 1 | 0 | 2 | ||
| Florida | 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 1 | 0 | 0 | 0 | 4 | ||
| 2024 | 4 | 0 | 0 | 0 | 0 | 4 | ||
| Georgia | 2022 | 8 | 2 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 1 | 0 | 0 | 0 | 11 | ||
| 2024 | 11 | 0 | 0 | 0 | 0 | 11 | ||
| Illinois | 2022 | 9 | 2 | 0 | 0 | 0 | 11 | |
| 2023 | 11 | 0 | 0 | 0 | 0 | 11 | ||
| 2024 | 11 | 0 | 0 | 1 | 0 | 10 | ||
| Maryland | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| Missouri | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| 2022 | 3 | 2 | 0 | 0 | 0 | 5 | ||
| 2023 | 5 | 1 | 0 Outlets | 0 | 0 | 6 | ||
| Outlets | Outlets | Reacquired | Outlets | Outlets | Outlets at | |||
| State | Year | at Start of Year | Opened | from Franchisee | Closed | Sold to Franchisee | End of Year | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 6 | ||
| Ohio | 2022 | 9 | 0 | 0 | 0 | 0 | 9 | |
| 2023 | 9 | 1 | 0 | 0 | 0 | 10 | ||
| 2024 | 10 | 0 | 0 | 0 | 0 | 10 | ||
| Pennsylvania | 2022 | 2 | 1 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 1 | 0 | 0 | 0 | 4 | ||
| 2024 | 4 | 1 | 0 | 0 | 0 | 5 | ||
| South | 2022 | 1 | 1 | 0 | 0 | 0 | 2 | |
| Carolina | ||||||||
| 2023 | 2 | 1 | 0 | 0 | 0 | 3 | ||
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 | ||
| Tennessee | 2022 | 9 | 0 | 0 | 02 | 0 | 9 | |
| 2023 | 9 | 0 | 0 | 0 | 0 | 9 | ||
| 2024 | 9 | 0 | 0 | 0 | 0 | 9 | ||
| Texas | 2022 | 7 | 1 | 0 | 0 | 0 | 8 | |
| 2023 | 8 | 2 | 0 | 0 | 0 | 10 | ||
| 2024 | 10 | 0 | 0 | 1 | 0 | 9 | ||
| Virginia | 2022 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 2 | 0 | 0 | 0 | 4 | ||
| 2024 | 4 | 0 | 0 | 0 | 0 | 4 | ||
| Totals | 2022 | 64 | 11 | 0 | 0 | 0 | 75 | |
| 2023 | 75 | 15 | 0 | 1 | 0 | 89 | ||
| 2024 | 89 | 2 | 0 | 4 | 0 | 87 | ||
| 1 These Shops are owned and operated by Parent and certain of our affiliates. | ||||||||
| 2 One Shop in Tennessee was temporarily closed for expansion and remodeling in 2022 but was not | ||||||||
| listed as a closure in the table above because it re-opened in 2023. | ||||||||
| 1 These Shops are owned and operated by Parent and certain of our affiliates. |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–60)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, across all states, 1 company-owned Cream outlet was closed in 2023. The table provided in Item 20 of the FDD details the status of company-owned outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, reacquired from franchisees, closed, sold to franchisees, and the number of outlets at the end of the year.
Specifically, in California, one company-owned Cream location was closed in 2023. In total, Cream had 75 company-owned locations at the start of 2023, opened 15 new locations, closed 1 location, and ended the year with 89 company-owned locations.
For a prospective franchisee, this data indicates the overall stability and growth of company-owned Cream locations. While one closure occurred in 2023, the net increase in company-owned stores suggests a healthy and expanding business model. It is important to note that the FDD also includes a list of franchisees who had agreements terminated, cancelled, or not renewed, which may provide additional insight into the performance and stability of individual franchise locations.