In what year did the first Red Wagon Club outlet open in Pennsylvania?
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, the first Red Wagon Club outlet in Pennsylvania opened in 2022. The table provided in Item 20 shows that at the start of 2022, there were no outlets in Pennsylvania. During 2022, one outlet opened, resulting in one outlet at the end of the year. In 2023, there were no additional openings, closures, or sales, so the number of outlets remained at one.
This information is relevant for prospective franchisees as it provides insight into the brand's expansion and presence in specific states. Knowing when the first outlet opened can help gauge the brand's maturity and market penetration in a particular region.
It is important to note that the numbers in the table are as of May 31, 2024. This means that any openings, closures, or sales after this date would not be reflected in the provided data. Franchisees should inquire about more recent developments to get a complete picture of the brand's current status.