How many Crown Gold Exchange outlets were open in California at the start of 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | from | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 | |
| Totals | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 |
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 7 company-owned outlets open in California at the start of 2021. The document also indicates that these were company-owned, as there were zero franchised outlets open at that time. This information is based on the provided table outlining outlet status for the years 2021 to 2023.
For a prospective franchisee, this data indicates the existing presence of Crown Gold Exchange in California. However, it is important to note that all locations were company-owned at the time. This could mean that the franchisor is still testing the market or prefers to maintain control through company-owned stores.
It is also worth noting that there were no outlets opened, closed, or sold to franchisees in California during 2021, 2022, or 2023, with the number of outlets remaining constant at 7. This could suggest a period of stability or a lack of expansion in the California market during those years. A potential franchisee should inquire about the franchisor's plans for future growth and franchise opportunities in California.