How many Crisp & Green outlets were opened in 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, there were 16 franchised outlets opened in 2022. The number of franchised Crisp & Green outlets increased from 12 at the start of 2022 to 28 by the end of the year. This indicates a significant expansion of the franchise system during that period.
In addition to franchised locations, Crisp & Green also operates company-owned outlets. However, in 2022, the number of company-owned locations decreased by 2, going from 3 at the beginning of the year to 1 by the end of the year. This is in contrast to the growth observed in franchised locations.
Overall, the total number of Crisp & Green outlets increased by 14 in 2022, from 15 to 29. This net change reflects the combined effect of the increase in franchised outlets and the decrease in company-owned outlets. Prospective franchisees should consider the growth trends of both franchised and company-owned locations when evaluating the franchise opportunity.