How many franchised Extreme Art Studio outlets were operating at the start of 2023?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, at the start of 2023, there were zero franchised outlets. The provided table summarizes the system-wide outlet count for the years 2021 to 2023. This includes both franchised and company-owned outlets.

Specifically, the table shows that for franchised outlets, the number at the start of 2021 was 0, at the start of 2022 was 0, and at the start of 2023 remained at 0. This indicates that Extreme Art Studio had not yet begun franchising as of the beginning of 2023. The company-owned outlets also reflect zero locations at the start of each year from 2021 to 2023.

For a prospective franchisee, this data suggests that Extreme Art Studio is a relatively new franchise system or is just beginning to expand through franchising. It's important to note that the absence of existing franchised outlets does not inherently indicate a poor investment opportunity, but it does highlight the need for thorough due diligence. A potential franchisee should carefully evaluate the franchisor's business plan, training programs, and support systems to assess the viability of the franchise. It would be prudent to inquire about the franchisor's strategy for growth and their plans to establish a successful franchise network.