Since when has WAM Gold, LLC operated Crown Gold Exchange locations?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Our affiliate, WAM Gold, LLC has operated Crown Gold Exchange in the following markets since 2010. This entity was filed on 8/20/2010 in California. This affiliate has the same business address as us. The operating locations which are owned by this Affiliate are based in the following markets:
Riverside, CA, opened October 2010 Chino, CA, opened December 2010 Redlands, CA, opened March 2011 Ontario, CA, opened June 2011 Hemet, CA, opened December 2011 Palm Desert, CA, opened January 2013 Rancho Santa Margarita, CA, opened March 2013
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 7–8)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, WAM Gold, LLC, an affiliate of Goldmember, LLC, has operated Crown Gold Exchange locations since 2010. WAM Gold, LLC was filed on 8/20/2010 in California and shares the same business address as Goldmember, LLC.
The FDD specifies the opening dates for several Crown Gold Exchange locations owned by WAM Gold, LLC. These locations and their opening dates include Riverside, CA (October 2010), Chino, CA (December 2010), Redlands, CA (March 2011), Ontario, CA (June 2011), Hemet, CA (December 2011), Palm Desert, CA (January 2013), and Rancho Santa Margarita, CA (March 2013).
This information is relevant to potential franchisees as it provides insight into the operational history and experience of Crown Gold Exchange's affiliate. It demonstrates that the business model has been tested and operated by the affiliate for over a decade, which may offer a degree of confidence to new franchisees. Additionally, the financial performance of these affiliate-owned locations is referenced in Item 19 of the FDD, offering further data for prospective franchisees to consider.