How many company-owned Red Wagon Club locations were there at the start of 2023?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned2 | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 2 | |
| 2023 | 2 | 2 | 2 | |
| Total Outlets | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 2 | |
| 2023 | 2 | 2 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 45–47)
What This Means (2024 FDD)
According to Red Wagon Club's 2024 Franchise Disclosure Document, at the start of 2023, there were two company-owned Red Wagon Club locations. The FDD specifies this information in Table No. 5, which outlines the status of company-owned outlets for the years 2021, 2022, and 2023.
Specifically, the table shows that Red Wagon Club had zero company-owned outlets at the start of 2021 and 2022. In 2022, two company-owned outlets were opened. Therefore, at the beginning of 2023, the number of company-owned Red Wagon Club locations was two, and that number remained constant through the end of 2023.
It is important to note that Tim Sechler and David Carrier, who are directors of Red Wagon Club, each operate a Red Wagon Club business. These locations are counted as company-owned in the data provided in the FDD.