How many company-owned Crown Gold Exchange outlets were operating at the end of 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 7 | 7 | 0 |
| 2022 | 7 | 7 | 0 | |
| 2023 | 7 | 7 | 0 | |
| Total Outlets | 2021 | 7 | 7 | 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, at the end of 2021, there were 7 company-owned outlets. The FDD provides a system-wide outlet summary for the years 2021 to 2023. This summary details the number of franchised and company-owned outlets at the start and end of each year, as well as the net change in outlet numbers.
For a prospective franchisee, this information indicates the stability and growth of Crown Gold Exchange's company-owned operations. Knowing that the number of company-owned stores remained constant from 2021 to 2023 may suggest a deliberate strategy by the franchisor regarding corporate store expansion.
It is important to note that while the total number of company-owned outlets remained consistent, the FDD does not specify the individual performance or revenue of these outlets. Further due diligence, such as inquiring about the financial performance of these company-owned stores, would provide a more complete picture for potential franchisees.