How many Deka Lash outlets in Pennsylvania were operating at the start of 2023?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
sup>In 2023, two studios in South Carolina were acquired by a franchisee from the franchisor and reflected as Outlets Opened in this table.
Table No. 4 Status of Company-Owned Outlets** For Years 2021 to 2023
| State | Year | Outlets | Outlets | Outlets | Outlets | Outlets Sold | Outlets |
|---|---|---|---|---|---|---|---|
| at Start of Year | Opene |
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, there was one Deka Lash outlet operating in Pennsylvania at the start of 2023. The provided table tracks the number of outlets at the start of each year, how many opened, were reacquired, or closed during the year, and the number of outlets at the end of the year. This information helps prospective franchisees understand the brand's growth and stability in specific markets.
Specifically for Pennsylvania, the table shows that in 2021, there was one outlet at the start of the year, none opened, none were reacquired, and none closed, leaving one at the end of the year. In 2022, there was still one outlet at the start of the year, with no changes during the year, so one remained at the end of the year. In 2023, there was one outlet at the start of the year, none opened, none were reacquired, and one closed, resulting in zero outlets at the end of the year.
This data indicates that while Deka Lash had a presence in Pennsylvania, it experienced a net decrease in outlets during 2023. A potential franchisee should investigate why the outlet closed in 2023 to better assess the market conditions and potential risks in Pennsylvania. Understanding the reasons behind closures can inform business strategies and investment decisions.