How many Crisp & Green franchised outlets were reacquired by the franchisor in 2021?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchised Outlets For Years 2021, 2022, and 2023
| | | | | | | | 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 |
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
|---|---|---|---|---|---|---|---|---|
| 2023 |
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 no franchised outlets reacquired by the franchisor in 2021. Table No. 3, which details the status of franchised outlets, shows that in 2021, across several states including Arkansas, Colorado, Florida, Illinois, Iowa, Minnesota, Nebraska, New York, North Dakota, South Dakota, and Tennessee, the number of reacquired outlets was zero. This indicates that Crisp & Green did not take back any of its franchised locations during that year in those states.
Table No. 4 provides additional data specifically for company-owned outlets. In 2021, there were 3 company-owned outlets at the start of the year and 3 at the end, with no outlets reacquired from franchisees. This reinforces the information from Table No. 3, confirming that no franchised locations were reacquired by Crisp & Green in 2021.
Prospective franchisees can interpret this data as a sign of stability within the Crisp & Green franchise system during 2021, as no franchised locations were taken back by the company. This could suggest that franchisees were generally successful in their operations, or that Crisp & Green had no need to reacquire any locations for strategic reasons. It is important to note that this data only reflects the situation for the listed states and the specific year of 2021, and future performance may vary.