What was the total number of Gold Star outlet transfers in 2024?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE | YEAR | Number of transfers |
|---|---|---|
| KENTUCKY | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 1 | |
| OHIO | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| TOTAL | 2022 | 1 |
| 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 was a total of one outlet transfer in 2024. The data is broken down by state, with Kentucky reporting one transfer and Ohio reporting zero. This indicates that the majority of transfer activity occurred in Kentucky during that year.
Outlet transfers can occur for various reasons, such as a franchisee selling their business to a new owner. For a prospective franchisee, a low number of transfers might suggest stability within the Gold Star system. However, it is important to investigate the reasons behind any transfers that do occur, as they could indicate issues such as underperforming locations or franchisees seeking to exit the system.
It is also worth noting that the table specifically refers to transfers from franchisees to new owners other than Gold Star or its affiliates. This means that any transfers back to the company are not included in these figures. Reviewing transfer trends over multiple years, as presented in the table, can provide a more comprehensive understanding of franchisee turnover and the overall health of the Gold Star franchise system.