How many company-owned Crown Gold Exchange outlets were operating at the start 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 start of 2021, there were 7 company-owned outlets. Throughout 2021, there were no changes to the number of company-owned stores, as the number at the end of the year remained at 7. This indicates that Crown Gold Exchange maintained a consistent number of company-owned operations during that period.
Notably, the data also shows that the number of company-owned Crown Gold Exchange locations remained stable through 2022 and 2023, with 7 outlets operating at both the beginning and end of each year. This suggests a deliberate strategy by Crown Gold Exchange to maintain a consistent corporate presence, at least in the period covered by the disclosure.
For a prospective franchisee, this information offers insight into Crown Gold Exchange's corporate strategy regarding company-owned versus franchised locations. The stability in the number of company-owned stores may reflect a strategic decision to focus on franchising as the primary mode of expansion, or it could indicate a limited capacity or interest in managing additional company-owned locations. It is important to note that the single state of California accounts for all 7 of the company-owned stores. A potential franchisee may want to inquire about the reasons behind this concentration and whether there are plans to expand company-owned stores to other states.