In what states did Crisp & Green open exactly one outlet during 2023?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| Ceased | ||||||||
|---|---|---|---|---|---|---|---|---|
| Outlets at | Reacquired | Operations - | Outlets | |||||
| Start of | Outlets | Non- | by | Other | at End of | |||
| State | Year | 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 |
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, several states saw the opening of a single Crisp & Green outlet during 2023. Specifically, Arkansas, Illinois, Iowa, New York, North Dakota, Tennessee and Wisconsin each had one new outlet open. This indicates a broad but measured expansion of the franchise system across different geographic regions.
For a prospective franchisee, this information is useful in understanding the brand's growth trajectory and market penetration. Seeing single-outlet openings in various states could suggest that Crisp & Green is testing or gradually entering these markets. It may also reflect a strategy of targeting specific locations within those states that align with the brand's customer demographic and business model.
It's important to note that while these states each had one outlet opening, other states experienced different levels of growth, with some having multiple openings or none at all. This variation highlights the importance of conducting thorough market research and assessing the specific opportunities and challenges in a given territory before investing in a Crisp & Green franchise. Prospective franchisees should further investigate the performance and market conditions of these individual locations to better gauge potential success.