How many Crown Gold Exchange franchises were terminated 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 the 2024 Franchise Disclosure Document, there were no Crown Gold Exchange franchise terminations in 2021. The provided table regarding the status of franchised outlets indicates that for the year 2021, there were 0 terminations, 0 non-renewals, and 0 outlets reacquired by the franchisor. Additionally, the table shows 0 outlets that ceased operations for other reasons.
This suggests that during 2021, all Crown Gold Exchange franchise agreements remained in effect, and no franchisees had their agreements terminated by either party. This could be interpreted positively, indicating stability within the franchise system during that period.
However, it's important to note that the FDD also includes a list of terminated franchisees, which states "None." This statement refers to the most recently completed fiscal year, and it's unclear if this statement refers to 2021 specifically or a more recent year. Prospective franchisees should verify this information with Crown Gold Exchange to ensure a clear understanding of franchise terminations in 2021 and subsequent years.