As of what date are the numbers presented in Item 20 for Red Wagon Club?

According to Red Wagon Club's 2024 Franchise Disclosure Document, the numbers presented in Item 20 are as of May 31. This date is relevant for all the tables and data provided within Item 20, which includes information about system-wide outlets, transfers, franchised outlet status, and company-owned outlets.

Specifically, this means that the outlet counts, transfer data, and other statistics reported for the years 2021, 2022, and 2023 are finalized as of May 31 of each respective year. Any changes occurring after May 31 would not be reflected in these figures. For instance, if an outlet opened or closed in June 2023, it would not be included in the 2023 data presented in Item 20.

For a prospective franchisee, this date provides a clear understanding of the timeframe covered by the data. When reviewing the tables on outlet performance, transfers, and other key metrics, it's important to remember that the information is current up to May 31, 2024. This is a common practice in franchise disclosure, as it provides a consistent cut-off date for data collection and reporting.