Who is the franchisor for Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
This Agreement is made between Goldmember, LLC, a Idaho limited liability company ("Crown Gold Franchising"), and Franchisee effective as of the date signed by Crown Gold Franchising (the "Effective Date").
Source: Item 22 — CONTRACTS (FDD pages 38–39)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the franchisor is Goldmember, LLC, which operates under the name Crown Gold Franchising. This company is identified as an Idaho limited liability company. The agreement is effective as of the date it is signed by Crown Gold Franchising.
Goldmember, LLC, along with its affiliate WAM Gold LLC, has established and owns the System for operating a business where customers can sell gold, silver, diamonds, or coins at reasonable prices under the Crown Gold Exchange trade name. This System encompasses various elements, including methods, procedures, standards, plans, specifications, equipment, signage, trade dress, products, services, training programs, business knowledge, and marketing plans.
For a prospective franchisee, this means that your franchise agreement is with Goldmember, LLC, d/b/a Crown Gold Franchising. You are licensing the rights to use their established system and brand to operate your own Crown Gold Exchange business. It is important to understand that Goldmember, LLC is the entity responsible for providing support, training, and enforcing the franchise agreement.