How many company-owned Cream outlets were closed across all states in 2024?
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. |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–60)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, there were a total of 4 company-owned Cream outlets closed across all states in 2024. The number of company-owned stores at the start of 2024 was 89, and by the end of the year, that number decreased to 87, representing a net change of -2. This indicates that the number of closures exceeded the number of openings.
Specifically, California, District of Columbia, Illinois and Texas each had one company-owned store closure in 2024. Alabama, Arizona, Florida, Georgia, Maryland, Missouri, Ohio, Pennsylvania, and South Carolina did not experience any company-owned store closures during this period. Tennessee had a store temporarily closed for expansion and remodeling in 2022, but it reopened in 2023 and was not listed as a closure.
Prospective franchisees should note that while the overall number of company-owned closures is relatively low, it is important to understand the reasons behind these closures. Further investigation into the performance of specific locations and market conditions could provide valuable insights. Additionally, it's worth noting that no franchised outlets were closed during this period, which may suggest a more stable performance among franchised locations compared to company-owned ones.