How many Devon Creek outlets were reacquired from franchisees in New York during 2022?
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 |
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 outlets reacquired from franchisees in New York during 2022. The provided table in Item 20 specifically lists the number of outlets reacquired from franchisees in New York during 2022 as 0. This indicates that Devon Creek did not take back any franchise locations in New York during that year.
This information is relevant for prospective franchisees as it provides insight into the stability and relationship between Devon Creek and its franchisees. A low number of reacquired outlets could suggest that franchisees are generally successful and satisfied with their businesses, or it could indicate that Devon Creek has specific criteria for selecting franchisees that lead to fewer failures.
It is important to note that this data only reflects the situation in New York and may not be representative of other states or territories where Devon Creek operates. Additionally, the absence of reacquired outlets does not necessarily mean that all franchisees are thriving, as some may have chosen to sell their businesses to other franchisees or third parties instead.