Is the owner of Crown Gold Exchange currently employed by WAM Gold, LLC?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 2: BUSINESS EXPERIENCE]
| Employer | Title | Start Date (month/year) | End Date (month/year) | City, State |
|---|---|---|---|---|
| WAM Gold, LLC, DBA | Owner | 10/2010 | Present | Eagle, ID |
| Crown Gold Exchange | ||||
| Crown Vapors, LLC | Owner | 10/2013 | 9/2022 | Eagle, ID |
| 30352 Esperanza, LLC | Owner | 5/2016 | Present | Eagle, ID |
| Standard and Pour, LLC | Owner | 9/2017 | 10/2019 | Eagle, ID |
| Toma Media, LLC | Owner | 2019 | 2020 | Eagle, ID |
| BC Tech Investments, LLC | Owner | 2014 | 2019 | Eagle, ID |
[Item 2: BUSINESS EXPERIENCE]
| Employer | Title | Start Date (month/year) | End Date (month/year) | City, State |
|---|---|---|---|---|
| WAM Gold, LLC, DBA | Owner | 10/2010 | Present | Rancho Santa Margarita CA |
| Crown Gold Exchange | ||||
| Crown Vapors | Owner | 10/2013 | 9/2022 | Garden Grove CA |
| 30352 Esperanza, LLC | Owner | 5/2016 | Present | Rancho Santa Margarita, CA |
| Standard and Pour, LLC | Owner | 9/2017 | 10/2019 | Rancho Santa Margarita, CA |
| Toma Media, LLC | Owner | 2019 | 2020 | Rancho Santa Margarita, CA |
| BC Tech Investments, LLC | Owner | 2014 | 2019 | Rancho Santa Margarita, CA |
[Item 2: BUSINESS EXPERIENCE]
Brock Ward. Brock Ward has been one of our Owners/Managing Members in Eagle, Idaho, since 10/2010.
[Item 2: BUSINESS EXPERIENCE]
Item 2 BUSINESS EXPERIENCE
Cesar Meyer. Cesar Meyer has been one of our Owners/Managing Members in Rancho Santa Margarita, CA, since 10/2010.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 8–9)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the owners, Brock Ward and Cesar Meyer, are currently employed by WAM Gold, LLC. Specifically, Brock Ward has been an Owner/Managing Member in Eagle, Idaho, since October 2010. Cesar Meyer has been an Owner/Managing Member in Rancho Santa Margarita, CA, since October 2010.
This indicates that the individuals responsible for managing Crown Gold Exchange also hold ownership positions at WAM Gold, LLC. This dual role could provide them with a deeper understanding of the gold exchange business, potentially benefiting Crown Gold Exchange franchisees through informed leadership and strategic decision-making.
However, prospective franchisees should also consider potential conflicts of interest that may arise from this arrangement. It would be prudent to inquire about the allocation of time and resources between WAM Gold, LLC, and Crown Gold Exchange to ensure that the franchise receives adequate attention and support from its leadership. Understanding the specific responsibilities and priorities of Brock Ward and Cesar Meyer within both entities is crucial for assessing the potential impact on the franchise's operations and growth.