How many Gold Star outlets closed in Ohio during 2021?
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 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 1 | 0 | 1 | |
| 2024 | 1 | 0 | 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 Ohio closed during 2021. At the start of 2021, there were seven Gold Star outlets in Ohio. During that year, one outlet closed, one was reacquired from a franchisee, and two were sold to a franchisee, resulting in five outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Gold Star locations in Ohio. Outlet closures can indicate market challenges, franchisee difficulties, or other factors affecting the brand's presence in the state. Understanding the reasons behind these closures can help a prospective franchisee assess the risks and opportunities associated with investing in a Gold Star franchise in Ohio.
It is important to note that while one outlet closed, one was reacquired and two were sold to a franchisee. These transactions suggest ongoing changes within the franchise system, which could be due to strategic decisions by Gold Star or individual franchisee circumstances. Further investigation into the reasons for these changes may provide a more comprehensive understanding of the franchise's dynamics in Ohio.