How many franchised Red Wagon Club outlets were operating at the start of 2021?
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 |
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, there were no franchised outlets operating at the start of 2021. The provided table outlines the status of franchised outlets for the years 2021, 2022, and 2023.
The table shows that for the year 2021, the number of franchised Red Wagon Club outlets at the start of the year was 0. Throughout 2021, there were no outlets opened, terminated, non-renewed, reacquired by the franchisor, or ceased operations for other reasons. Consequently, the number of franchised outlets at the end of 2021 remained at 0.
This indicates that Red Wagon Club's franchising system either had not yet begun or had no active franchised locations during that period. A prospective franchisee should consider this when evaluating the brand's track record and growth potential. The FDD also indicates that the company began offering franchises as of the date of the disclosure document.