For the Crown Gold Exchange financial results presented, what time period do they cover?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
1/01/2023 – 12/31/2023 Financial Results
The following chart contains selected financial performance information for seven Crown Gold businesses owned by our affiliate, WAM Gold, LLC that were open for this time period. These locations are all in California.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 33–35)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the financial results presented cover the period from January 1, 2023, to December 31, 2023. These results are based on the performance of seven Crown Gold Exchange businesses owned by WAM Gold, LLC, an affiliate of the franchisor. All of these locations are situated in California.
It's important to note that these are historical financial performance representations and not projections of future performance. The Item 19 data does not include operating expenses, such as cost of goods sold, labor, advertising, and rent. A prospective franchisee would need to account for these expenses to understand their potential net income.
The financial results are derived from company-owned outlets in specific California markets, including Riverside, Chino, Redlands, Ontario, Hemet, Palm Desert, and Rancho Santa Margarita. The FDD states that these company-owned outlets do not differ materially from future franchise-owned outlets. However, the document also cautions that individual results may vary, and there is no assurance that a franchisee will achieve the same sales or earnings.