How many company-owned Crown Gold Exchange outlets were opened in California during 2022?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | from | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 | |
| Totals | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 |
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 opened in California during 2022. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023.
Specifically, the table shows that in 2022, there were 7 company-owned Crown Gold Exchange outlets in California at the start of the year, and 7 at the end of the year. The 'Outlets Opened' column for 2022 lists '0', indicating that no new company-owned outlets were opened during that year.
This information is valuable for prospective franchisees as it provides insight into the growth and stability of company-owned stores in California. The fact that no new company-owned stores opened in 2022, while the existing number remained constant, could suggest a period of consolidation or a strategic decision not to expand company-owned operations in that specific year. It is important to note that this data reflects only company-owned stores and not franchised locations.