How many franchised Deka Lash outlets were operating in Indiana at the end of 2023?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
orida | 2022 | 8 | 2 | 0 | 0 | 0 | 1 | 9 | | | 2023 | 9 | 3 | 0 | 0 | 0 | 0 | 12 | | | 2021 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | Georgia | 2022 | 8 | 1 | 0 | 0 | 0 | 0 | 9 | | | 2023 | 9 | 3 | 0 | 0 | 0 | 1 | 11 |
| State | Year | Outlets | Outlets | Terminations | Non- | Reacquired | Ceased | Franchised |
|---|---|---|---|---|---|---|---|---|
| at | Opened | Renewals | By | Opera- | Outlets | |||
| Start of Year | - |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 57–62)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, there were 4 franchised outlets operating in Indiana at the end of 2023. The provided table details the changes in the number of franchised Deka Lash outlets over the past three years, including those opened, terminated, or ceased operations. This information is crucial for potential franchisees to understand the brand's growth and stability in specific markets.
Specifically, the table shows that in Indiana, Deka Lash started 2021 with 0 outlets, opened 1 to end the year with 1. In 2022, two more outlets were opened, bringing the total to 3. In 2023, one outlet was opened, resulting in 4 franchised outlets operating at the end of the year. This detailed breakdown helps prospective franchisees assess the brand's performance and market penetration in Indiana.
Reviewing the number of outlets opened and closed, as well as terminations, can provide valuable insights into the health of the franchise system in a particular state. A consistent increase in the number of outlets, as seen in Indiana, may indicate a growing market presence and successful franchise operations. Conversely, a high number of terminations or closures could raise concerns about the brand's performance or franchisee satisfaction. Therefore, it is essential for potential franchisees to carefully analyze this data and conduct further due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the franchise opportunity.