How many Deka Lash outlets opened in Minnesota 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 | · | Franchisor | tions- Other Reasons | Operating at Year End | ||||
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Arizona | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2021 |
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 Minnesota during 2023. The table provided in Item 20 outlines the number of outlets opened in each state over the past three years. This data helps prospective franchisees understand the brand's growth and presence in specific markets.
Specifically, the table shows that Deka Lash had one franchise operating in Minnesota at the start of 2022 and one franchise operating at the start of 2023. In 2023, one additional Deka Lash franchise opened in Minnesota, bringing the total to two franchises operating at the end of the year.
This information is valuable for potential franchisees as it provides insight into the brand's expansion strategy and market penetration. It also allows them to assess the level of competition and potential customer base in a specific region. Reviewing this data in conjunction with other factors, such as local demographics and market trends, can help franchisees make informed decisions about where to establish their Deka Lash studio.