As of what date are the outlet numbers in Item 20 of the Red Wagon Club FDD calculated?

According to Red Wagon Club's 2024 Franchise Disclosure Document, the outlet numbers presented in Item 20 are calculated as of May 31. This date is relevant for all tables and data concerning the number of outlets, transfers, and the overall status of both franchised and company-owned locations within the Red Wagon Club system.

For a prospective franchisee, this means that the information provided in Item 20 reflects the state of the Red Wagon Club franchise network up to May 31, 2024. Any changes occurring after this date, such as new openings, closures, or transfers, will not be reflected in the outlet numbers presented in the tables for the years 2021, 2022, and 2023. This is a standard practice in franchising, as FDDs are typically updated annually and provide a snapshot of the franchise system at a specific point in time.

It is important for potential franchisees to keep this date in mind when reviewing the performance and growth trends of Red Wagon Club. While the historical data provides valuable insights, it is essential to also inquire about any significant developments or changes that may have occurred since May 31, 2024, to gain a more current understanding of the franchise's status. This information can be obtained by speaking directly with the franchisor or existing franchisees during the due diligence process.