How many Crown Gold Exchange outlets were operating at the end of 2023?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 a total of 7 company-owned outlets operating at the end of 2023. There were no franchised Crown Gold Exchange outlets operating during that same period.
Specifically, the FDD provides a systemwide outlet summary for the years 2021 to 2023. For company-owned outlets, the number remained constant. There were 7 company-owned outlets at the start of 2021, and that number remained at 7 through the end of 2023. The net change in company-owned outlets was 0 for each of those years.
For franchised outlets, the numbers also remained constant. There were zero franchised outlets at the start of 2021, and that number remained at zero through the end of 2023. The net change in franchised outlets was 0 for each of those years. Therefore, the total number of Crown Gold Exchange outlets operating at the end of 2023 was 7, all of which were company-owned.