What was the net change in the number of Crown Gold Exchange franchised 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 franchised outlets in 2021 was 0. The table provided in Item 20 of the FDD details the number of franchised outlets at the start and end of 2021, as well as the net change.
Specifically, the table shows that Crown Gold Exchange had 0 franchised outlets at the beginning of 2021 and 0 at the end of the year. This indicates that no new franchised locations opened, and no existing ones closed or were terminated during that year. The 'Net Change' column confirms this with a value of 0.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the franchise system. A net change of zero could indicate a period of stagnation or could simply reflect a deliberate strategy of controlled growth. It is important to consider this data in conjunction with other factors, such as the performance of company-owned stores and the franchisor's plans for future expansion, to get a comprehensive understanding of the franchise's potential.