What was the total number of Crisp & Green franchise transfers across all states in 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Minnesota | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 4 | |
| North Carolina | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 1 | |
| Total* | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 5 |
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 zero franchise transfers across all states in 2022. The provided table in Item 20 outlines the number of franchise transfers for Minnesota and North Carolina. In 2022, Minnesota had 0 transfers, and North Carolina also had 0 transfers. The total number of transfers across all listed states in 2022 was 0.
This information is crucial for potential franchisees as it provides insight into the stability and desirability of existing Crisp & Green franchise locations. A high number of transfers might indicate dissatisfaction among franchisees or difficulties in operating the business. The absence of transfers in 2022 suggests that franchisees in Minnesota and North Carolina were not looking to sell their businesses during that period.
It's important to note that this data only covers Minnesota and North Carolina. A prospective franchisee should investigate transfer activity in other states where Crisp & Green operates to gain a more comprehensive understanding of franchise stability across the entire system. This can be done by directly asking the franchisor for more detailed transfer data during the due diligence process.