How many total Crisp & Green franchised outlets were operating at the end of 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 |
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 28 franchised outlets operating at the end of 2022. This information is detailed in Table No. 1, which provides a system-wide outlet summary for the years 2021, 2022, and 2023.
For a prospective franchisee, this indicates the growth trajectory of the Crisp & Green franchise system. Starting with 12 franchised outlets at the beginning of 2022 and ending the year with 28 shows a significant expansion. This growth can be a positive sign, suggesting increasing brand recognition and franchisee interest.
However, it's important to consider this number in conjunction with other factors, such as the number of company-owned stores, the rate of franchise terminations or non-renewals, and the overall financial performance of the franchise system. A high growth rate is only beneficial if it's sustainable and accompanied by strong unit-level economics. Reviewing the complete Item 20 data, including closures and transfers, will provide a more comprehensive understanding of the health and stability of the Crisp & Green franchise system.