What was the total number of Crown Gold Exchange outlets in California at the end of 2023?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | from | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 | |
| Totals | 2021 | 7 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 |
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, there were 7 Crown Gold Exchange outlets in California at the end of 2023. The table provided in Item 20 of the FDD details the number of outlets in California from 2021 to 2023. There were 7 outlets at the start of 2023, and no outlets were opened, closed, or sold to a franchisee during the year.
This information is valuable for potential franchisees as it provides a historical overview of the brand's presence and stability in California. The fact that the number of outlets remained constant over the three-year period suggests a stable market presence. However, it's important to note that this data only reflects company-owned stores, as there were no franchised outlets during this period.
A prospective franchisee should further investigate the performance and financial health of these existing outlets to gain a deeper understanding of the market dynamics and potential for growth in California. Understanding why the number of outlets has remained constant, and whether there are plans for expansion or franchising in the state, would also be beneficial.