How many Deka Lash outlets ceased operations for other reasons in Illinois during 2022?
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, in Illinois, 1 outlet ceased operations for 'other reasons' during 2022. At the start of 2022, there were 8 Deka Lash outlets, and after one closure for other reasons, 7 franchised outlets remained operational at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Deka Lash franchises in Illinois. Understanding the reasons behind outlet closures can help franchisees assess the risks and challenges associated with operating a Deka Lash franchise in that specific market.
Prospective franchisees should investigate the reasons behind the 'other reasons' for closures to better understand the factors that may impact their investment. This could include market conditions, competition, or other local economic factors. This information, combined with other due diligence, will help potential franchisees make informed decisions.