What was the total number of Devon Creek outlets in New York at the end of 2021?
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, at the end of 2021, there was a total of one Devon Creek outlet in New York. Throughout 2021, there were no new outlets opened, reacquired from franchisees, closed, or sold to franchisees in New York. The number of outlets remained constant throughout the year.
This information is relevant for prospective franchisees as it provides insight into the brand's presence and stability in a specific state. A single outlet might indicate a limited market presence or a recent entry into the New York market. It is important to note that this data reflects the number of outlets, not necessarily the financial performance or customer satisfaction of those outlets.
Prospective franchisees should further investigate the reasons behind the limited number of outlets in New York. This could involve researching market saturation, regulatory hurdles, or the franchisor's strategic focus. Understanding these factors can help a franchisee assess the potential opportunities and challenges of operating a Devon Creek franchise in New York.