How many Crown Gold Exchange outlets opened in 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 7 | 7 | 0 |
| 2022 | 7 | 7 | 0 | |
| 2023 | 7 | 7 | 0 | |
| Total Outlets | 2021 | 7 | 7 | 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, there were no franchised outlets opened in 2021. The table regarding the status of franchised outlets from 2021 to 2023 indicates that there were zero franchised outlets at the start and end of each year, resulting in a net change of zero.
Another table provides information on company-owned outlets. It shows that in 2021, there were 7 company-owned outlets at the start of the year and 7 at the end of the year, with no net change. This indicates that no new company-owned outlets were opened during that year either.
Therefore, based on the provided tables, Crown Gold Exchange did not open any new franchised or company-owned outlets in 2021. A prospective franchisee should note this lack of growth when evaluating the franchise opportunity and consider asking Crown Gold Exchange about their strategies for future expansion and the reasons behind the lack of new openings in recent years.