How many Crisp & Green outlets were operating in Minnesota at the start of 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Start of | Outlets | from | Outlets | Outlets Sold to | Outlets at | ||
|---|---|---|---|---|---|---|---|
| State | Year | Year | Opened | Franchisees | Closed | Franchisees | End of Year |
| Minnesota | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 2 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 2 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 Crisp & Green outlets operating in Minnesota at the start of 2022. This figure provides a snapshot of the brand's established presence in the state at that time.
It's important to note that while the number of outlets at the start of 2022 was 3, the table also shows that no new outlets opened during 2022, no outlets were reacquired from franchisees, and no outlets closed. However, 2 outlets were sold to franchisees, resulting in 1 outlet at the end of 2022. This indicates a decrease in the number of company-owned stores and an increase in the number of franchise-owned stores.
This information is valuable for potential franchisees as it provides insight into the brand's growth and stability in a specific market. It also highlights the potential for acquiring existing outlets through transfers, which could be an alternative to opening a new location. Reviewing the trends in outlet openings, closures, and transfers can help a prospective franchisee assess the risks and opportunities associated with investing in a Crisp & Green franchise in Minnesota.