What was the total number of Deka Lash outlet transfers in 2023?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
22 | 5 | 6 | +1 | | | 2023 | 6 | 0 | -6 | | Total Outlets | 2021 | 96 | 108 | +12 | | | 2022 | 108 | 129 | +21 | | | 2023 | 129 | 130 | +1 | *Company-owned outlets refers to outlets operated by our affiliate, DL Studios, LLC.
Table No. 2 Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023
| State | Year | Number of Transfers | |---|---|---| | California | 2021 | 0 | | | 2022 | 1 | | | 2023 | 1 | | Colorado | 2021 | 1 | | | 2022 | 0 | | | 2023 | 0 | | Florida | 2021 | 0 | | | 2022 | 0 | | | 2023 | 4 | | Georgia | 2021 | 0 | | | 2022 | 0 | | | 2023 | 1 | | Massachusetts | 2021 | 0 | | | 2022 | 1 | | | 2023 | 0 | | Michigan | 2021 | 0 | | | 2022 | 0 | | | 2023 | 1 | | Minnesota | 2021 | 0 | | | 2022 | 1 | | | 2023 | 0 |
| North Carolina | 2021 | 0 |
|---|---|---|
| 2022 | 3 | |
| 2023 | 2 | |
| Pennsylvania | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| Tennessee | 2021 | 0 |
| 2022 | 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 a total of 11 outlet transfers in 2023 across the states listed.
The table provided in Item 20 of the FDD, titled "Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023," details the number of outlet transfers that occurred in specific states. For example, in Florida there were 4 transfers, while in Georgia and Michigan there was 1 transfer each. California recorded 1 transfer.
Prospective franchisees should consider the number of transfers when evaluating the stability and desirability of owning a Deka Lash franchise in a particular area. A high number of transfers might indicate issues with profitability or franchisee satisfaction, while a low number could suggest a stable and successful market. It is important to note that this table does not include transfers back to the franchisor, which are listed separately.