How many total Red Wagon Club outlets were there at the start of 2022?
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, at the start of 2022, there were zero total Red Wagon Club outlets. This includes both franchised and company-owned outlets.
Specifically, the FDD provides a system-wide outlet summary that breaks down the number of outlets at the start and end of each year, as well as the net change. For 2022, the table indicates that there were zero franchised outlets at the start of the year, zero company-owned outlets, and therefore zero total outlets.
It's important to note that while there were no outlets at the beginning of 2022, the table shows a net change of two company-owned outlets during that year, bringing the total to two by the end of 2022. This suggests that Red Wagon Club began expanding its company-owned presence in 2022, but had no operational locations at the start of that year.