How many Crown Gold Exchange franchises were not renewed in 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers | |---|---|---| | N/A | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 | | Total | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 | 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 |
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 non-renewals of franchise agreements in 2021. The provided table in Item 20 outlines the status of franchised outlets from 2021 to 2023.
Specifically, the table includes a column for 'Non-Renewals,' which indicates the number of franchise agreements that were not renewed during each year. For 2021, the value listed under this column is 0, meaning no Crown Gold Exchange franchises were not renewed during that year.
This information is crucial for potential franchisees as it provides insight into the stability and satisfaction of existing franchisees within the Crown Gold Exchange system. A low number of non-renewals can be interpreted as a positive sign, suggesting that franchisees are generally content with their investment and the support provided by the franchisor. However, it is important to consider this data in conjunction with other factors, such as terminations and transfers, to gain a comprehensive understanding of franchisee turnover.