How many Crown Gold Exchange outlets ceased operations for other reasons 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, Crown Gold Exchange had no outlets that ceased operations for other reasons during 2021. The provided table specifically tracks the number of outlets that ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor.
For a prospective franchisee, this indicates stability within the Crown Gold Exchange franchise system during that period. It suggests that no franchisees were forced to close their businesses due to unforeseen circumstances or factors unrelated to the typical reasons for franchise closure.
It is important to note that this data only reflects the number of closures for 'other reasons.' Franchisees should still investigate the reasons for terminations, non-renewals, and re acquisitions to gain a comprehensive understanding of outlet turnover within the Crown Gold Exchange system. Understanding the full scope of why outlets may close provides a more complete picture of the risks and challenges associated with operating a Crown Gold Exchange franchise.