What were the reported sales for the Crown Gold Exchange location in Riverside, CA?

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the reported sales for the Riverside, CA location were $2,797,519.00 for the period of January 1, 2023 to December 31, 2023. This figure represents the average revenue derived from the sale of goods or services, less sales tax, discounts, and returns. It's important to note that this data is based on the performance of a company-owned outlet, and the FDD states that individual results may vary, with no assurance that a franchisee will achieve the same level of sales or earnings. The document also clarifies that these are historic financial performance representations and not projections of future performance.

Prospective franchisees should understand that the reported sales figure does not include any operating expenses associated with running the business. To determine potential net income, franchisees must account for costs such as cost of goods sold, labor, advertising, and rent. While the company-owned outlets do not pay royalties or marketing fees, the FDD includes an estimated royalty fee of $12,000 per year for each location, which franchisees would need to factor into their financial projections.

Crown Gold Exchange emphasizes that they do not make any representations about a franchisee's future financial performance beyond what is included in Item 19 of the FDD. They also caution against relying on any financial performance information not provided in the FDD or by authorized representatives. Franchisees are encouraged to report any unauthorized financial performance information to the franchisor and relevant regulatory agencies. This is a standard practice in franchising to ensure transparency and prevent misleading claims.