What was the net change in the number of total Crepe De Licious outlets during the year 2023?
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 total Crepe De Licious outlets during 2023 was an increase of 2. This is calculated from a starting total of 8 outlets at the beginning of the year and an ending total of 10 outlets at the end of the year.
Specifically, the franchised outlets experienced a net change of +2, increasing from 7 at the start of 2023 to 9 by the end of the year. The company-owned outlets remained constant, with 1 outlet at both the beginning and end of 2023, resulting in a net change of 0.
For a prospective franchisee, this indicates a modest growth in the Crepe De Licious system during 2023. While not a large expansion, the positive net change suggests some degree of stability and potential for growth within the franchise system. It's important to note that past performance is not indicative of future results, and prospective franchisees should conduct their own due diligence to assess the viability of the franchise opportunity.