How many Deka Lash outlets ceased operations in Illinois during 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, one Deka Lash outlet in Illinois ceased operations during 2023. The FDD provides a detailed table outlining the status of franchised outlets, including openings, terminations, and closures. This information is crucial for potential franchisees to understand the stability and performance of existing locations.
Specifically, the table tracks the number of outlets that ceased operations for 'other reasons,' which can include closures due to poor performance, failure to renew the franchise agreement, or other unforeseen circumstances. The data for Illinois shows a decrease in the number of operating franchises from 7 to 6 between the start and end of 2023, with one outlet ceasing operations.
This type of data is essential for prospective franchisees as it offers insights into the risks associated with investing in a Deka Lash franchise in a specific geographic area. While one closure in a state doesn't necessarily indicate a widespread problem, it prompts further investigation into the reasons behind the closure and the overall market conditions in Illinois. It is important to note that Exhibit H contains a list of franchisees who ceased to do business under the franchise agreement during the most recently completed fiscal year.