In what state are all the Crown Gold Exchange locations for which financial data is provided located?

According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the financial performance data provided in Item 19 pertains to locations situated in California. Specifically, the financial results included are derived from seven company-owned outlets operating in various markets within California. These locations include Riverside, Chino, Redlands, Ontario, Hemet, Palm Desert, and Rancho Santa Margarita.

For a prospective Crown Gold Exchange franchisee, this information is relevant because it provides a snapshot of the financial performance of existing company-owned locations, all of which are in California. While the document states that these company-owned outlets do not differ materially from future franchise-owned outlets, it is important to consider that performance can vary based on local market conditions, management capabilities, and other factors. The FDD explicitly states that individual results may differ and there is no assurance that a franchisee will achieve the same sales or earnings.

It is also important to note that the financial data presented in Item 19 does not include operating expenses. Therefore, a potential franchisee needs to account for costs such as cost of goods sold, labor, advertising, and rent to understand their potential net income. The document also mentions estimated royalty fees, which are not actually paid by the affiliate-owned businesses but are shown to illustrate potential expenditures for franchisees. Prospective franchisees should carefully review the notes and disclaimers in Item 19 and seek written substantiation of the financial information if needed.