What was the net change in the number of franchised Devon Creek outlets during 2022?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the | Outlets at the | Net Change |
|---|---|---|---|---|
| Start of the Year | End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company – | 2021 | 1 | 1 | 0 |
| Owned* | 2022 | 1 | 1 | 0 |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 |
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, the net change in the number of franchised outlets during 2022 was 0. The table provided in Item 20 of the FDD details the system-wide outlet summary for the years 2021 to 2023.
Specifically, for franchised outlets, the number at the start of 2022 was 0, and the number at the end of 2022 remained at 0. This indicates that no new franchised outlets opened, and no existing ones closed or were terminated during that year, resulting in a net change of 0.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the Devon Creek franchise system. A net change of zero in franchised outlets could suggest a period of stagnation or could simply reflect a deliberate strategy of controlled growth. It is important to consider this data in conjunction with other factors, such as the performance of existing outlets and the franchisor's plans for future expansion, to gain a comprehensive understanding of the franchise opportunity.