Did any Crisp & Green franchisees fail to renew their agreements between 2021 and 2023?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Ceased | ||||||||
|---|---|---|---|---|---|---|---|---|
| Outlets at | Reacquired | Operations - | Outlets | |||||
| Start of | Outlets | Non- | by | Other | at End of | |||
| State | Year | Year | Opened | Terminations | Renewals | Franchisor | Reasons | Year |
| Arkansas | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Colorado | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 3 | 0 | 0 | 0 | 0 | 6 | |
| Florida | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 4 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 2 | 0 | 0 | 0 | 0 | 6 | |
| Illinois | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Iowa | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Minnesota | 2021 | 4 | 3 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 6 | 0 | 0 | 0 | 0 | 13 | |
| 2023 | 13 | 3 | 0 | 0 | 0 | 0 | 16 | |
| Nebraska | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| New York | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| North Dakota | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| South Dakota | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Tennessee | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Texas | 2021 | 0 | 2 | 0 | 0 | 0 | 0 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 62–66)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, no franchisees failed to renew their agreements between 2021 and 2023. The FDD provides data on outlet status changes, including renewals, across various states.
The tables in Item 20 detail the number of outlets that were not renewed during the specified period. For each state listed, the 'Non-Renewals' column shows a consistent '0' for the years 2021, 2022, and 2023. This indicates that no Crisp & Green franchise agreements were not renewed during those years.
This information is crucial for potential franchisees as it reflects the stability and satisfaction of current franchisees within the Crisp & Green system. A high number of non-renewals could signal issues with the franchise model or franchisor-franchisee relationships. The absence of non-renewals suggests that franchisees are generally satisfied with their investment and choose to continue operating under the Crisp & Green brand.
It is important to note that while no franchises were not renewed, other changes in outlet status, such as terminations or transfers, may have occurred. These are separate factors that prospective franchisees should also consider when evaluating the overall health and attractiveness of the Crisp & Green franchise opportunity.