What is the total number of 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 includes a total of 15 restaurants. This consists of 1 corporate restaurant and 14 franchised restaurants. The restaurants included in Table 1 have been operating for 24 months or longer as of December 31, 2023.
Table 1 provides financial performance representations specifically for these restaurants, including data on gross restaurant sales. This allows prospective franchisees to understand the potential revenue based on the performance of restaurants that have been operating for at least two years. The table also includes the average, median, high, and low gross restaurant sales for the calendar year 2023.
It is important to note that the financial performance data is based on revenue reports from franchisees, which were not audited, and the revenue and expense reports of the corporate restaurant, which were also not audited. While this information can be helpful in evaluating the potential of a Crisp & Green franchise, prospective franchisees should also consider other factors such as location, market conditions, and their own management skills.