What were the gross sales for the Crown Gold Exchange location in Riverside, CA during the specified period?

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the gross sales for the Riverside, CA location during the period of January 1, 2023 to December 31, 2023, were $2,797,519.00. This data is derived from an existing company-owned outlet. The FDD specifies that "Gross Sales" means the revenue from sales of goods or services, less sales tax, discounts, and returns.

It is important to note that this figure does not include any operating expenses such as cost of goods sold, labor, advertising, or rent. The document also includes an estimated royalty fee of $12,000 for the year, which is what the affiliate would have paid had they been a franchisee. The FDD emphasizes that individual results may vary, and there is no guarantee that a franchisee will achieve the same level of sales or earnings.

Prospective franchisees should consider these figures as a reference point and not a guarantee of future performance. They should conduct their own due diligence, including analyzing market conditions, operating costs, and other factors that may affect their business's financial performance. It is also advisable to speak with existing Crown Gold Exchange franchisees to gain further insights into their experiences and financial results.