For how long has Crown Gold Exchange been in business?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| We have not been in business for three years or more, and therefore cannot include | |
|---|---|
| all financial statements required by the Franchise Rule of the Federal Trade Commission. | |
| Exhibit F contains our unaudited opening balance sheet dated 5/01/2024. Our fiscal year end is | |
| December 31. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Crown Gold Exchange has not been in business for three years or more. As a result, Crown Gold Exchange cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission.
The FDD includes the company's unaudited opening balance sheet dated May 1, 2024. The fiscal year end for Crown Gold Exchange is December 31.
Prospective franchisees should be aware that the limited operating history may mean there is less data available to fully assess the financial performance and stability of the franchise system. It is important to carefully review the provided balance sheet and consider seeking professional financial advice before making a decision.