What was the net change in the number of franchised Cream outlets during 2024?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | |
| Franchised | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–60)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2024 was 0. The provided table, titled 'Systemwide Outlet Summary for Years 2022 to 2024,' includes data on franchised, company-owned, and total outlets. For franchised outlets, the number at the start of 2024 was 0, and the number at the end of the year remained at 0, resulting in a net change of 0.
This indicates that Cream did not experience any growth or decline in its number of franchised locations during 2024. A prospective franchisee should consider this information when evaluating the growth trajectory and market presence of Cream. It is important to note that while there was no change in the number of franchised outlets, the company-owned outlets experienced a net decrease of 2 during the same period.
It is essential for potential franchisees to investigate the reasons behind the lack of growth in franchised outlets and the decrease in company-owned outlets. This could involve speaking with current franchisees, reviewing Cream's expansion plans, and analyzing market trends to understand the potential for future growth. Further, the FDD indicates that as of the date of the document, Cream had not sold any franchises.