What was the net change in the number of company-owned Desi District outlets during 2021?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 1 | 3 | +2 |
| 2022 | 3 | 5 | +2 | |
| 2023 | 5 | 5 | 0 | |
| Total Outlets | 2021 | 1 | 3 | +2 |
| 2022 | 3 | 5 | +2 | |
| 2023 | 5 | 5 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 49–52)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2021 was an increase of two. At the start of 2021, Desi District had one company-owned outlet, and by the end of the year, it had three.
This indicates that Desi District expanded its company-owned operations during that year. For a prospective franchisee, this could suggest that the franchisor is actively investing in and developing its own business model, which may provide valuable insights and support for franchisees.
It's worth noting that while the number of company-owned stores increased, the number of franchised locations remained at zero during this period. This could reflect a strategic decision by Desi District to initially focus on company-owned growth before expanding through franchising.