How many Crown Gold Exchange outlets were operating at the end of 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Table 1 Systemwide Outlet Summary For Years 2021 to 2023**
| 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 |
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, at the end of 2021, there were a total of 7 outlets operating. These were all company-owned, as there were zero franchised outlets operating at that time.
Specifically, in California, Crown Gold Exchange had 7 company-owned outlets operating at the start of 2021. Throughout the year, there were no additional outlets opened, reacquired from franchisees, or closed. Therefore, the number of outlets at the end of 2021 remained at 7.
For a prospective franchisee, this indicates that Crown Gold Exchange's initial business model relied solely on company-owned stores. The company began offering franchises after 2021. This may reflect on the maturity of the franchise system and the level of support and brand recognition a new franchisee can expect.