What was the total number of Crisp & Green outlets operating at the end of 2021?
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 | |
| Company Owned* | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 1 | -2 | |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 7 | 15 | +8 |
| 2022 | 15 | 29 | +14 | |
| 2023 | 29 | 46 | +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 end of 2021, there were a total of 15 Crisp & Green outlets operating. This total includes both franchised and company-owned outlets.
Specifically, the FDD indicates that there were 12 franchised outlets and 3 company-owned outlets in operation at the close of 2021. This information is crucial for potential franchisees as it provides a snapshot of the brand's footprint and the mix of ownership models within the system during that year.
Understanding the growth and composition of the Crisp & Green outlet network can help a prospective franchisee assess the brand's maturity and market penetration. It also offers insight into the franchisor's strategy regarding company-owned versus franchised locations, which can influence the support and competition a new franchisee might experience.