How many Deka Lash outlets opened in Connecticut during 2023?
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 outlet opened in Connecticut during 2023. The table provided in Item 20 of the FDD details the status of franchised outlets from 2021 to 2023, showing the number of outlets at the start of the year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations, and the number of franchised outlets operating at year-end for each state.
For a prospective franchisee, this information is useful in assessing the growth and stability of the Deka Lash brand in specific geographic areas. Seeing that one outlet opened in Connecticut in 2023 after no presence in prior years could indicate a new market of opportunity, or it could represent a higher risk if the single outlet struggles.
It's important to note that while the table provides a snapshot of outlet activity, it doesn't offer insights into the performance or reasons behind terminations or ceased operations. A potential franchisee should further investigate the factors contributing to these changes to gain a comprehensive understanding of the franchise's performance in different regions. This information, combined with other due diligence, can help in making an informed decision about investing in a Deka Lash franchise.