How many Crown Gold Exchange franchises were reacquired by the franchisor in 2021?
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, no franchises were reacquired by the franchisor in 2021. The provided table in Item 20 outlines the number of outlets reacquired by the franchisor, and the figure for 2021 is zero. This suggests that during that year, Crown Gold Exchange did not repurchase any of its franchised locations.
For a potential franchisee, this information is valuable in understanding the stability and relationship between Crown Gold Exchange and its franchisees. A high number of reacquired franchises might indicate issues with franchisee success or disputes leading to the franchisor taking back control of the outlets. The absence of re acquisitions in 2021 could be interpreted positively, suggesting a stable franchise network.
It's important to note that this data only reflects a single year. A prospective franchisee should review the trend over several years to gain a more comprehensive understanding. Additionally, they should investigate the reasons behind any re acquisitions in other years to assess the potential risks and challenges within the Crown Gold Exchange franchise system. This information, combined with conversations with current and former franchisees, can provide a well-rounded view of the franchise's operational health and franchisee relations.