How many Gold Star franchises were transferred in Kentucky during 2023?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE | YEAR | Number of transfers |
|---|---|---|
| KENTUCKY | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 48–52)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, there were 3 franchise transfers in Kentucky during 2023. This information is detailed in Table No. 2, which outlines transfers of outlets from franchisees to new owners, excluding transfers to the franchisor or its affiliates. The table provides a year-by-year breakdown of these transfers for the years 2022-2024.
Specifically, the table shows that in Kentucky, there were 0 transfers in 2022, 3 transfers in 2023, and 1 transfer in 2024. This data helps prospective franchisees understand the rate at which existing Gold Star franchise owners are selling their businesses to new owners in Kentucky.
Franchise transfers can occur for various reasons, such as the original franchisee retiring, pursuing other business ventures, or facing financial difficulties. A higher number of transfers might indicate instability or challenges within the franchise system, while a lower number could suggest franchisee satisfaction and business success. Prospective franchisees should investigate the reasons behind these transfers to assess the health and stability of the Gold Star franchise in Kentucky.