How many Crown Gold Exchange franchised outlets ceased operations for other reasons in 2022?
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 no franchised outlets that ceased operations for other reasons during 2022. The provided table in Item 20 outlines 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 2022, the value in this column is 0, indicating that no Crown Gold Exchange franchised outlets closed for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
This information is valuable 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' may suggest that franchisees are generally successful and satisfied with their businesses. However, it is important to consider this data in conjunction with other factors, such as the number of terminations and non-renewals, to get a comprehensive understanding of franchise performance.