How many Devon Creek outlets were open in New York at the start of 2023?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the |
|---|---|---|---|---|---|---|---|
| Franchisees | Year | ||||||
| New York | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Total | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 was one outlet open in New York at the start of 2023. The provided table tracks the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at the end of the year for the years 2021, 2022, and 2023.
Specifically, for New York, the table shows that at the start of 2021 there was one outlet, and no outlets were opened, reacquired, closed, or sold to franchisees during that year, leaving one outlet at the end of 2021. The same pattern is shown for 2022, with one outlet at the start and end of the year.
In 2023, there was one outlet at the start of the year, and no outlets were opened, reacquired, closed, or sold to franchisees, resulting in one outlet at the end of 2023. This indicates a stable presence for Devon Creek in New York during the period covered by the table.