How many franchised Cream outlets were reacquired by the franchisor in 2023?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets | Outlets | Reacquired | Outlets | Outlets | Outlets at |
|---|---|---|---|---|---|---|---|
| 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, across all states, there were zero franchised outlets reacquired by Cream in 2023. This information is detailed in a table that provides a state-by-state breakdown of outlet activity. Specifically, the table includes columns for the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and the number of outlets at the end of the year.
For a prospective franchisee, the fact that no franchises were reacquired in 2023 could be a positive indicator. It may suggest that Cream's franchise agreements are stable and that franchisees are generally successful in maintaining their businesses. However, it is important to consider this information in the context of other factors, such as the number of franchise terminations or non-renewals, which could indicate other issues within the franchise system.
It is also worth noting that while the table provides a state-by-state breakdown, the reacquisition number is zero across all states. This suggests that Cream did not find it necessary to reacquire any franchised locations during that year. This could be due to a variety of factors, such as strong franchisee performance, effective support from the franchisor, or a combination of both. A prospective franchisee should investigate further to understand the reasons behind this trend and whether it is likely to continue in the future.
While the FDD provides data up to 2024, it is important for potential franchisees to inquire about more recent data and trends during their due diligence. Understanding the stability and performance of existing franchises is crucial in evaluating the overall health and potential of the Cream franchise system.