What was the net change in the number of company-owned Crown Gold Exchange outlets in 2021?
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, the net change in the number of company-owned outlets in 2021 was 0. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. In 2021, Crown Gold Exchange started with 7 company-owned outlets and ended the year with 7 company-owned outlets.
This indicates that Crown Gold Exchange did not open or close any company-owned locations during that year. For a prospective franchisee, this could suggest stability in the company-owned business model, as there were no changes in the number of company-owned locations.
It's important to note that this data only reflects company-owned stores and does not provide information on the performance or changes within franchised locations, as Crown Gold Exchange had no franchised locations during this period. A potential franchisee should consider this information in conjunction with other factors, such as revenue data and market analysis, to gain a comprehensive understanding of the franchise's performance and growth potential.