How many Crown Gold Exchange franchised outlets ceased operations for other reasons in 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 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 zero franchised outlets that ceased operations for other reasons in 2021. The provided table in Item 20 of the FDD details the status of franchised outlets from 2021 to 2023.
Specifically, the table includes a column for outlets that ceased operations due to "other reasons." For the year 2021, the value listed in this column is 0. This indicates that no Crown Gold Exchange franchised locations closed for reasons other than terminations, non-renewals, or reacquisition by the franchisor during that year.
This information is useful for potential franchisees as it provides insight into the stability and performance of existing Crown Gold Exchange franchises. A low number of closures for "other reasons" could be interpreted positively, suggesting that franchisees are generally able to sustain their businesses.