How many franchised Deka Lash outlets were operating in Michigan 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 3 franchised outlets operating in Michigan at the end of 2023. The table provided in Item 20 of the FDD details the status of franchised outlets from 2021 to 2023. This includes the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations for other reasons, and the number of franchised outlets operating at the end of the year.
For a prospective franchisee, this information is useful in understanding the growth and stability of the Deka Lash brand in Michigan. Knowing the number of outlets and any changes (openings, closures, etc.) can provide insights into the market potential and competitive landscape. It's also important to note that while there were 3 locations at the end of 2023, one franchise agreement was signed, but the outlet was not yet open.
It is important to consider this data in conjunction with other factors, such as market demographics, local competition, and the overall economic conditions in Michigan. Additionally, speaking with current and former franchisees in Michigan can provide valuable qualitative insights into the challenges and opportunities of operating a Deka Lash franchise in that state. This information helps potential franchisees assess the risk and potential reward of investing in a Deka Lash franchise in Michigan.