How many Gold Star outlets closed in Kentucky during 2023?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 2024 | 1 | | OHIO | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | TOTAL | 2022 | 1 | | | 2023 | 3 | | | 2024 | 1 |
TABLE NO. 4
STATUS OF COMPANY-OWNED OUTLETS
FOR YEARS 2020-2024
| STATE | YEAR | OUTLETS AT THE START OF YEAR | OUTLETS OPENED | OUTLETS REAQUIRED FROM FRANCHISEE | OUTLETS CLOSED | OUTLETS SOLD TO FRANCHISEE | OUTLETS AT END OF YEAR |
|---|---|---|---|---|---|---|---|
| 2020 | 2 | 0 | 1 | 0 | 0 | 3 | |
| 2021 | 3 | 0 | 0 | 0 | 1 | 2 | |
| KENTUCKY | 2022 | 2 | 0 |
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, one Gold Star outlet in Kentucky closed during 2023. At the start of 2023, there were two outlets in Kentucky. During 2023, no new outlets opened, none were reacquired from a franchisee, and none were sold to a franchisee. At the end of 2023, there was one Gold Star outlet in Kentucky.
It is important to note that while one Gold Star location closed in Kentucky during 2023, this does not necessarily indicate a systemic problem within the state. Many factors can contribute to the closure of a single location, including local market conditions, lease issues, or the individual performance of the franchisee.
Prospective franchisees should carefully consider the reasons behind any closures and evaluate the overall health and performance of the Gold Star system before investing. Reviewing the complete Item 20 data in the FDD, including information on transfers, terminations, and non-renewals, will provide a more comprehensive understanding of franchisee activity.