How many company-owned Crown Gold Exchange outlets closed in 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023**
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 |
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 company-owned outlets closed in 2021. The provided tables show that in 2021, Crown Gold Exchange had 7 company-owned outlets at the start of the year and 7 at the end of the year. This indicates that no company-owned outlets were closed during that year.
Specifically, the table detailing the status of company-owned outlets for the years 2021 to 2023 shows that the number of outlets remained constant at 7 for each year. This suggests a stable company-owned operation during this period.
For a prospective franchisee, this information indicates the stability of the company-owned store network. While this may not directly impact a franchisee's operations, it can provide insights into the overall health and management of Crown Gold Exchange.