How many company-owned Crown Gold Exchange outlets were operating at the start of 2023?
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, at the start of 2023, there were 7 company-owned outlets. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows the number of outlets at the start of each year, the number at the end of the year, and the net change.
For a prospective franchisee, this indicates the existing scale of company-operated locations. It is important to note that the number of company-owned stores remained constant at 7 throughout the years 2021, 2022 and 2023.
Crown Gold Exchange did not open or close any company-owned stores during this period. This information can be useful for potential franchisees to understand the company's growth strategy and focus, as well as the stability of its company-owned operations.