How many Red Wagon Club outlets were operating in Michigan at the end of 2023?
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 was 1 Red Wagon Club outlet operating in Michigan at the end of 2023. The provided table in Item 20 details the outlet count in Michigan over the past three years.
In 2021, there were no Red Wagon Club outlets in Michigan. In 2022, one outlet was opened, bringing the total to one. No additional outlets opened or closed in 2023, so the year ended with one outlet operating in Michigan.
This information is valuable for prospective franchisees as it provides insight into the brand's growth and presence in specific states. It's important to note that these figures are as of May 31, 2024, as stated elsewhere in Item 20, so the numbers may have changed since then. A potential franchisee should inquire about more recent data to get the most up-to-date understanding of Red Wagon Club's current footprint.