How many Crisp & Green outlets in Texas were terminated during 2021, 2022, or 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 | |
| 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 |
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 terminations of Crisp & Green outlets in Texas during the years 2021, 2022 and 2023. The provided table includes data regarding outlet status by state, and the 'Terminations' column for Texas shows '0' for each of those years. This indicates that no franchise agreements were ended, either by the franchisee or the franchisor, within that period.
This information is relevant for prospective franchisees as it can provide insight into the stability and success rate of Crisp & Green franchises in Texas. A lack of terminations could suggest a healthy relationship between the franchisor and franchisees, as well as a potentially successful business model in that particular state. However, it is important to consider that this data only reflects terminations and does not account for other potential issues such as transfers or non-renewals.
While the absence of terminations may be viewed positively, potential franchisees should still conduct thorough due diligence. This includes speaking with current and former franchisees to gain a comprehensive understanding of their experiences with Crisp & Green. Further investigation into factors contributing to franchise success and sustainability in Texas is advisable to make a well-informed investment decision.