How many company-owned Crown Gold Exchange outlets were reacquired from franchisees in 2022?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 3 Status of Franchised Outlets For Years 2021 to 2023*
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Ceased | ||||||||
| Operations | ||||||||
| – Other | ||||||||
| Reasons | ||||||||
| N/A | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 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 reacquired from franchisees in 2022. The table provided in Item 20 regarding the status of franchised outlets shows that under the column "Reacquired by Franchisor" there were zero outlets reacquired in 2022.
This indicates that Crown Gold Exchange did not buy back any franchised locations to convert them into company-owned stores during that year. This could be interpreted positively, suggesting stable franchise relationships, or it could mean that Crown Gold Exchange is not actively seeking to expand its company-owned operations by reacquiring existing franchises.
A prospective franchisee might want to inquire about Crown Gold Exchange's strategy regarding reacquisition of franchises. Understanding the circumstances under which Crown Gold Exchange might consider reacquiring a franchise, and the process for such a transaction, could be valuable information for anyone considering investing in a Crown Gold Exchange franchise.