What was the total number of Crisp & Green franchised outlets at the start 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, at the start of 2022, there were 12 franchised outlets. Throughout 2022, 16 additional franchised outlets were opened, bringing the total to 28 by the end of the year.
This information is valuable for potential franchisees as it provides a clear picture of the growth and expansion of Crisp & Green's franchise system. Observing the number of outlets at the beginning and end of each year allows prospective franchisees to assess the brand's growth trajectory and stability. A consistent increase in the number of franchised locations may indicate a healthy and expanding franchise system, which can be an encouraging sign for those considering investing in a Crisp & Green franchise.
It's important to note that while the number of outlets provides insight into the system's expansion, it doesn't reveal details about individual outlet performance or closures. For a comprehensive understanding, potential franchisees should also consider factors like average revenue per outlet, closure rates, and transfer activity, which are typically found elsewhere in the FDD. Reviewing Item 19 in the FDD, which covers financial performance representations, would also be beneficial in evaluating the potential profitability of a Crisp & Green franchise.