How many Devon Creek outlets were sold to franchisees in New York during 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 |
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 sold to franchisees in New York during 2023. The provided table in Item 20 outlines the outlet information for New York from 2021 to 2023.
Specifically, the table shows that in 2023, there was one outlet at the start of the year, zero outlets opened, zero outlets reacquired from franchisees, zero outlets closed, and zero outlets sold to franchisees. This resulted in one outlet at the end of the year.
This data indicates that the Devon Creek franchise system in New York remained stable during 2023, with no transfers of ownership from the company to franchisees. Prospective franchisees should consider this information when evaluating the growth and stability of the Devon Creek franchise in New York.