How many Crown Gold Exchange franchised outlets were operating at the end of 2022?
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, there were zero franchised outlets operating at the end of 2022. The provided tables track the status of both franchised and company-owned outlets from 2021 to 2023. These tables show the number of outlets at the start and end of each year, as well as any net changes.
Specifically, for franchised outlets, the data indicates that there were zero outlets at the start of 2022 and zero at the end of 2022. This suggests that Crown Gold Exchange had not yet begun franchising operations during this period. All seven outlets operating in 2022 were company-owned.
Prospective franchisees should note that the absence of franchised locations in the early years of the reporting period does not necessarily indicate a lack of opportunity. However, it is important to understand the brand's franchising history and growth strategy. Further investigation into Crown Gold Exchange's plans for franchise expansion and the support provided to new franchisees would be beneficial.