What was the net change in the number of franchised Crepe De Licious outlets during 2024?
Crepe_De_Licious 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 |
|---|---|---|---|---|
| Franchised | 2022 | 3 | 7 | +4 |
| 2023 | 7 | 9 | +2 | |
| 2024 | 9 | 8 | -1 | |
| Company-Owned | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 1 | 0 | |
| 2024 | 1 | 1 | 0 | |
| Total Outlets | 2022 | 4 | 8 | +4 |
| 2023 | 8 | 10 | +2 | |
| 2024 | 10 | 9 | -1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2024 was -1. This means that Crepe De Licious had one less franchised location at the end of 2024 compared to the beginning of the year. At the start of 2024, there were 9 franchised outlets, and by the end of the year, the number decreased to 8.
This decrease in franchised outlets could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It is important to note that while the number of franchised locations decreased, the number of company-owned outlets remained constant at 1 throughout 2024. The total number of Crepe De Licious outlets (franchised and company-owned) also experienced a net decrease of -1 during 2024, going from 10 at the start of the year to 9 at the end.
A prospective franchisee should investigate the reasons behind the net decrease in franchised outlets. Understanding why outlets closed or terminated their agreements can provide valuable insights into the challenges and potential risks associated with owning a Crepe De Licious franchise. This information can help potential franchisees make a more informed decision about investing in the franchise system.