What was the total number of Crown Gold Exchange franchised outlets at the end of 2021?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, at the end of 2021, there were zero franchised outlets. The provided table regarding systemwide outlet summary indicates that for the year 2021, the number of franchised outlets at the start of the year was 0, and the number of franchised outlets at the end of the year remained at 0, resulting in a net change of 0.
This suggests that Crown Gold Exchange had not yet begun franchising operations as of the end of 2021, focusing instead on company-owned outlets. A potential franchisee should note that the franchise system is relatively new, and they would be among the first to invest in a Crown Gold Exchange franchise.
While the document indicates future projections for franchised outlets, the historical data shows no franchised locations until at least 2022. This could represent both an opportunity and a risk for new franchisees, as they would be entering a market with no established franchise presence for this brand.