How many new Devon Creek outlets opened in New York during 2021?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
Status of Company Owned* Outlets For Years 2021 to 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 43–45)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, there were no new Devon Creek outlets opened in New York during 2021. The FDD provides a table summarizing outlet information by state and year. In 2021, there was one outlet in New York at the start of the year, and zero outlets opened during that year. At the end of 2021, there was still only one outlet in New York.
This data indicates that Devon Creek's franchise system in New York did not expand during 2021. A prospective franchisee should consider this information when evaluating the growth potential and market penetration of Devon Creek in New York. It is important to note that past performance does not guarantee future results, but it can provide insights into the brand's development in specific regions.
It would be prudent for a potential franchisee to investigate the reasons behind the lack of new openings in New York during 2021. This could involve discussing market conditions, franchise availability, and the franchisor's development plans for the state with Devon Creek. Understanding the factors that have influenced the brand's growth in New York can help a franchisee make an informed decision about investing in this market.