How many Deka Lash outlets in Utah ceased operations for other reasons in 2021?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | | | 2021 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | | North Carolina | 2022 | 3 | 3 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 1 | 0 | 5 |
| State | Year | Outlets at | Outlets Opened | Terminations | Non- Renewals | Reacquired By | Ceased Opera- | Franchised Outlets |
|---|---|---|---|---|---|---|---|---|
| Start of Year i cai | Opened | Iteliewais | Franchisor Trancinsor | tions- Other Reasons | Operating at Year End | |||
| 2021 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Ohio | 2022 | 5 | 3 | 0 | 0 | 0 | 0 |
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 were no Deka Lash outlets in Utah that ceased operations for 'other reasons' during 2021. The provided table tracks outlet data across various states and years, including details on openings, terminations, and closures. This specific data point falls under the column 'Ceased Operations- Other Reasons'.
For a prospective franchisee, this indicates stability in the Utah market during that period. It suggests that if a Deka Lash franchise was operating in Utah in 2021, it did not close due to reasons other than termination, non-renewal, or franchisor reacquisition. This information can be valuable in assessing the risk and potential success of opening a Deka Lash franchise in Utah.
It's important to note that 'other reasons' for closure can encompass a variety of factors, such as financial difficulties, poor management, or unforeseen local market conditions. While no closures for 'other reasons' were reported for Utah in 2021, a prospective franchisee should still conduct thorough due diligence to understand the current market dynamics and potential challenges in the area. Reviewing the performance of existing outlets and understanding local competition is crucial for making an informed investment decision.
| State | Year | Outlets at | Outlets Opened | Terminations | Non- Renewals | Reacquired By | Ceased Opera- | Franchised Outlets |
|---|---|---|---|---|---|---|---|---|
| 2021 | 5 | 5 | 0 | 0 | 0 | 0 | 10 | |
| Texas | 2022 | 10 | 3 | 0 | 0 | 1 | 0 | 12 |
| 2023 | 12 | 3 | 1 | 0 | 0 | 2 | 12 | |
| 2021 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Utah | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |