What is the minimum operating period for Crisp & Green Restaurants included in Table 1?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We report this information in two tables, organized according to how long the Restaurants have been in operation. Table 1 presents gross Restaurant sales information about a subset of all Restaurants that were open and operating during all of calendar year 2023, namely, those Restaurants that have been operating for 24 months or longer as of December 31, 2023. The Restaurants reported in Table 1 include our sole Corporate Restaurant and 14 franchised Restaurants. In Table 2, we report gross Restaurant sales information for all Restaurants that were open and operating for 12 months or longer as of December 31, 2023, which consists of our sole Corporate Restaurant and 28 franchised Restaurants. In both tables, we have presented information on the average, median, high, and low gross Restaurant sales for calendar year 2023.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 57–62)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, Table 1 presents gross Restaurant sales information about Restaurants that have been operating for 24 months or longer as of December 31, 2023. This table includes data from Crisp & Green's sole Corporate Restaurant and 14 franchised Restaurants. The financial performance representation in Table 1 is based on the calendar year ended December 31, 2023.
This means that Crisp & Green only included restaurants that had been open for at least two years in this particular financial performance representation. This provides prospective franchisees with insight into the performance of more established locations.
Table 1 presents the average, median, high, and low gross Restaurant sales for calendar year 2023. A prospective franchisee can use this information to estimate potential revenue for their own Crisp & Green location, keeping in mind that individual results may vary.