In 2022, how many Crown Gold Exchange franchised outlets were reacquired by the franchisor?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Ceased | ||||||||
| Operations | ||||||||
| – Other | ||||||||
| Reasons | ||||||||
| N/A | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | |||||||
| Year | from | ||||||
| Franchisee | |||||||
| California | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 | |
| Totals | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, there were no franchised outlets reacquired by the franchisor in 2022. This data is reflected in multiple tables within Item 20 of the FDD, which detail outlet information.
Specifically, one table shows that for franchised outlets, the number of outlets at the start of 2022 was 0, and the number at the end of 2022 remained at 0, with a net change of 0. Another table focusing on California, the number of outlets at the start of 2022 was 7, and the number at the end of 2022 remained at 7, with 0 outlets reacquired from franchisees.
This indicates that Crown Gold Exchange did not buy back any franchised locations during that year. Prospective franchisees may find this information reassuring, as it suggests that the franchisor is not actively taking over existing franchise locations. However, it is important to consider this information in the context of overall franchise performance and the reasons why franchised outlets might be reacquired in other franchise systems.