How many Red Wagon Club outlets were operating in Pennsylvania at the start of 2023?
Red_Wagon_Club Franchise · 2024 FDDAnswer from 2024 FDD Document
| 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Table No. 4 Status of Company-Owned Outlets For Years 2021, 2022, 2023
| 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 |
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 one Red Wagon Club outlet operating in Pennsylvania at the start of 2023. The provided table tracks outlet information by state and year, including the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold, as well as the number of outlets at the end of the year. This data helps prospective franchisees understand the growth and changes in the Red Wagon Club system over the past few years.
Specifically, for Pennsylvania, the table shows that in 2021 and 2022, there were no outlets at the start of the year. In 2022, one outlet was opened, resulting in one outlet at the end of that year. Then, in 2023, there was one outlet at the start of the year, and no additional outlets were opened, closed, or sold, so there was still one outlet at the end of 2023.
This information is crucial for potential franchisees as it provides insight into the brand's presence and development in specific states. It's important to note that the numbers in the table are as of May 31, as indicated elsewhere in Item 20. Reviewing this data allows prospective franchisees to assess the stability and growth potential of Red Wagon Club in different markets.