How many Crisp & Green outlets were sold to franchisees in Minnesota during 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlets | |||||||
|---|---|---|---|---|---|---|---|
| Outlets at | Reacquired | ||||||
| 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 |
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 2 outlets sold to franchisees in Minnesota during 2022. The table provided in Item 20 outlines the number of outlets opened, reacquired, closed, and sold to franchisees on a state-by-state basis for the years 2021, 2022, and 2023. This information is useful for potential franchisees to understand the brand's growth and changes in specific markets. Note that the table also shows that no outlets were reacquired or closed in Minnesota during 2022.
This data point gives prospective Crisp & Green franchisees insight into the activity within the Minnesota market. Seeing that two outlets were sold to franchisees could indicate a healthy level of interest and investment in the brand within that state. However, it is important to note that the number of outlets at the end of 2022 was 1, which means that the brand closed locations in Minnesota during 2022.
Reviewing this table in its entirety, alongside other tables in Item 20, can help a potential franchisee assess the overall health and growth trajectory of Crisp & Green. It is also important to consider more recent data and trends beyond what is presented in the FDD, as the information is limited to the three-year period from 2021-2023. Talking to current and former franchisees can provide additional context to the numbers presented.