What is the total number of classroom training hours provided by Crown Gold Exchange?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| Subject | Hours of Classroom Training | Hours of On-The Job Training | Location |
|---|---|---|---|
| Introduction and Overview - The Industry - The Business Model - The Brand - Establishing the Location - Working together with the Franchisor | 8 | - | Our Location, Rancho Santa Margarita, CA or Your Location or Virtual |
| Operations and Management - Buying - Selling - Staffing - Customer Service - Admin - Insurance - Reporting - Technology and Systems | 8 | 40 | Our Location, Rancho Santa Margarita, CA or Your Location or Virtual |
| Marketing and Sales - Brand - Competitive Overview - Advertising and Marketing - Closing Business - Marketing Collateral and Tools | 8 | 8 | Our Location, Rancho Santa Margarita, CA or Your Location or Virtual |
| Grand Opening and Launch | 2 | 8 | Your Location |
| TOTALS: | 26 | 56 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 19–24)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, the total number of classroom training hours is 26. The training encompasses several subjects critical to operating a Crown Gold Exchange franchise. These subjects include an introduction and overview of the industry and business model, operations and management, marketing and sales, and grand opening procedures.
The introduction and overview segment includes 8 hours of classroom training. The operations and management section, which covers buying, selling, staffing, customer service, administration, insurance, reporting, and technology, also provides 8 hours of classroom training. Marketing and sales, including brand overview, competitive analysis, advertising, sales techniques, and marketing tools, accounts for another 8 hours of classroom training. The grand opening and launch segment consists of 2 hours of classroom training.
In addition to classroom training, Crown Gold Exchange also provides on-the-job training. The operations and management segment includes 40 hours of on-the-job training. Marketing and sales include 8 hours of on-the-job training, and the grand opening and launch segment includes 8 hours of on-the-job training. The location for training is either at Crown Gold Exchange's location in Rancho Santa Margarita, CA, at the franchisee's location, or virtually.