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What was the net change in the number of company-owned Red Wagon Club outlets during 2022?

Red_Wagon_Club Franchise · 2024 FDD

Answer from 2024 FDD Document

Table No. 1 Systemwide Outlet Summary For Years 2021, 2022, 2023 1

Outlet Type Year Outlets at the Start of the Year Outlets at the End of the Year Net Change

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, the net change in the number of company-owned outlets during 2022 was an increase of 2. The FDD indicates that at the start of 2022, there were 0 company-owned Red Wagon Club outlets, and by the end of the year, this number had increased to 2. The net change reflects the difference between these figures.

It's important to note that two of Red Wagon Club's directors, Tim Sechler and David Carrier, operate RWC Businesses, and these are included as company-owned locations. This detail provides context for understanding the composition of the company-owned outlets and suggests that the company's leadership is directly involved in the operation of Red Wagon Club businesses.

For a prospective franchisee, this information is useful for understanding the growth and operational involvement of Red Wagon Club's corporate team. The increase in company-owned stores may reflect a strategic decision by the franchisor to expand its corporate footprint, test new markets, or maintain a direct stake in the brand's performance. Franchisees may want to inquire about the company's strategy regarding company-owned versus franchised locations to better understand the long-term vision for the brand.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.