In which states have Desi District franchise agreements been signed, but the outlets have not yet opened?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Franchise Agreements Signed but Outlet Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company Owned Outlets in the Next Fiscal Year -2024 |
|---|---|---|---|
| Florida | 0 | 1 | 2 |
| Georgia | 0 | 1 | 0 |
| South Carolina | 0 | 1 | 0 |
| Texas | 0 | 1 | 0 |
| Totals | 0 | 4 | 2 |
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, as of the end of the last fiscal year, there were no franchise agreements signed in any state where the outlet had not yet opened. The FDD indicates that Florida, Georgia, South Carolina and Texas all have projected new franchised outlets in the next fiscal year, but currently show zero franchise agreements signed where the outlet is not yet open.
This means that Desi District has successfully opened an outlet in each state where a franchise agreement has been signed. This could be a positive sign for potential franchisees, as it suggests that the company has a good track record of getting new locations up and running.
However, it is important to note that this information is only current as of the end of the last fiscal year. It is possible that the situation has changed since then. Prospective franchisees should always do their own due diligence and speak with existing franchisees to get a better understanding of the challenges and opportunities involved in opening a new Desi District location.