How many Crisp & Green company-owned outlets were operating at the end of 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 4 | 12 | +8 |
| 2022 | 12 | 28 | +16 | |
| 2023 | 28 | 45 | +17 | |
| Company Owned* | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 1 | -2 | |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 7 | 15 | +8 |
| 2022 | 15 | 29 | +14 | |
| 2023 | 29 | 46 | +17 |
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, at the end of 2022, there was 1 company-owned Crisp & Green outlet. This is a net decrease of 2 from the beginning of the year when there were 3 company-owned outlets.
It is important to note that the FDD states that Corporate Restaurants are owned and operated by affiliates of Crisp & Green, rather than directly by the franchisor itself. This distinction may have implications for how these locations are managed and operated compared to franchised locations.
Tracking the number of company-owned stores can be insightful for potential franchisees. A decrease in company-owned stores, as seen in 2022, could signal a strategic shift towards franchising or other factors influencing corporate operations. Prospective franchisees should inquire about the reasons behind changes in the number of company-owned stores to better understand the franchisor's long-term strategy and commitment to corporate-level operations.