How many Deka Lash outlets opened in Arkansas during 2022?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| | 2023 | 1 | | Texas | 2021 | 0 | | | 2022 | 2 | | | 2023 | 0 | | Virginia | 2021 | 0 | | | 2022 | 0 | | | 2023 | 1 | | Total | 2021 | 2 | | | 2022 | 8 | | | 2023 | 11 | Table No. 3 Status of Franchised Outlets For Years 2021 to 2023*
| 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 opened in Arkansas during 2022. At the start of 2022, there was one outlet, and by the end of the year, there were two.
This indicates a small expansion of the Deka Lash brand within Arkansas during that year. For a prospective franchisee, this could suggest a growing market presence and potential brand recognition in the area. However, it's important to consider that the overall number of outlets remains relatively low, which could also indicate a limited existing customer base.
It is important to note that the FDD also lists other factors that could affect the number of outlets, such as terminations, non-renewals, re acquisitions by the franchisor, and outlets that have ceased operations for other reasons. Reviewing these factors alongside the number of new openings provides a more comprehensive understanding of the brand's growth and stability in a particular region.
Prospective franchisees should further investigate the specific market conditions in Arkansas and the performance of existing Deka Lash outlets to assess the potential for success in that area. Contacting current franchisees in nearby states may provide additional insights into the challenges and opportunities of operating a Deka Lash franchise in the region.