What was the total number of Red Wagon Club outlets opened in 2022?
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 | |
| Pennsylvania | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Total1 | 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 2 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 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 opened in 2022. Specifically, one outlet was opened in Michigan and another in Pennsylvania. These figures pertain to the status of company-owned outlets, as the number of franchised outlets opened in 2022 was zero.
It is important to note that these numbers are as of May 31st, as indicated in the provided tables. Additionally, two of Red Wagon Club's directors operate RWC businesses, and these are included as company-owned locations.
Prospective franchisees should be aware of the distinction between franchised and company-owned outlets when reviewing the growth and performance data in the FDD. Understanding the dynamics of both types of outlets can provide a more comprehensive view of the Red Wagon Club's overall business model and market presence.