How many Crisp & Green franchised outlets were opened in Minnesota during 2023?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at | Reacquired | Operations - | Outlets | |||
|---|---|---|---|---|---|---|---|---|
| Start of | Outlets | Non- | by | Other | at End of | |||
| 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 |
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, there were 3 new Crisp & Green outlets opened in Minnesota during 2023. The total number of outlets in Minnesota at the end of 2023 was 16.
It is important to note the growth of Crisp & Green in Minnesota over the three year period covered in the table. In 2021, 3 outlets were opened, bringing the total to 7. In 2022, 6 outlets were opened, bringing the total to 13. This demonstrates a steady increase in the number of Crisp & Green locations in Minnesota, which could be a positive sign for prospective franchisees in that state.
For a prospective franchisee, this data indicates the brand's growing presence and potential market acceptance in Minnesota. However, it's crucial to conduct thorough market research to understand local conditions and competition. Understanding the factors that contributed to the previous years' growth, such as effective marketing or favorable locations, can help a franchisee make informed decisions and develop a successful business strategy.