How many total Red Wagon Club outlets were operating at the end 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, there were a total of 2 outlets operating at the end of 2023. These were all company-owned, as Red Wagon Club had no franchised outlets operating during that year. This information is based on the system-wide outlet summary provided in Item 20 of the FDD.
Specifically, the table details the number of franchised and company-owned outlets from 2021 through 2023. For franchised outlets, the number remained at 0 for each of those years. For company-owned outlets, the number increased from 0 in 2021 to 2 in 2022, and remained at 2 in 2023. The total number of outlets therefore mirrors the company-owned figures.
It is important to note that the numbers in this table are as of May 31, as stated elsewhere in Item 20. Additionally, the FDD clarifies that two of Red Wagon Club's directors operate RWC Businesses, and these are included as company-owned locations. This context helps explain why there are company-owned locations despite the franchise system being relatively new.