How many Red Wagon Club outlets were open in Michigan at the start of 2022?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Michigan | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 Red Wagon Club outlets open in Michigan at the start of 2022. The provided table in Item 20 details the number of outlets at the start of the year for various states.
Specifically, for Michigan in 2021, the table indicates that there were 0 outlets at the start of the year. No outlets were opened, reacquired, closed, or sold during 2021, resulting in 0 outlets at the end of 2021. Therefore, at the start of 2022, there were still no Red Wagon Club outlets operating in Michigan.
This information is crucial for prospective franchisees as it provides insight into the brand's existing presence and growth trajectory in specific regions. The absence of existing outlets in a state could indicate an untapped market with potential for growth, or it could also signify challenges in establishing the brand in that particular area. Franchisees should further investigate the reasons behind these numbers to assess the opportunities and risks associated with opening a Red Wagon Club franchise in Michigan.