As of December 31, 2024, how many franchise locations does Gold Star Chili, Inc. have?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Gold Star Chili, Inc. is primarily engaged in the production and distribution of chili and related products to franchisees and Company owned chili restaurants. The Company has 9 Company stores and 48 franchise locations as of December 31, 2024. The Company also sells chili products through grocery stores. In addition, revenue is derived from franchisees in the form of initial franchise fees and royalty fees. Credit is extended to franchisees and grocery stores based on established credit policies. The Company's principal markets are Greater Cincinnati, Dayton, Ohio and Lexington, Kentucky. The Company's viability is dependent on the ability to sell additional franchises, success of stores to generate sales and the Company's ability to collect its revenue from franchisees.
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, as of December 31, 2024, Gold Star had 48 franchise locations. In addition to franchise locations, Gold Star also had 9 company-owned stores. Therefore, prospective franchisees should be aware that Gold Star also competes with its own company-owned operations.
Gold Star generates revenue from several sources, including the sale of chili and related products to both franchisees and company-owned restaurants. They also sell chili products through grocery stores. Franchisees pay Gold Star initial franchise fees and ongoing royalty fees.
It is important to note that Gold Star's viability depends on selling additional franchises, the success of existing stores in generating sales, and the company's ability to collect revenue from franchisees. Prospective franchisees should carefully consider these factors and conduct thorough due diligence before investing in a Gold Star franchise.