What was the total number of Extreme Art Studio outlets opened in 2023?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
3 Status of Franchised Outlets For Years 2021 to 2023
| Termina- tions | Ceased | |||||||
|---|---|---|---|---|---|---|---|---|
| Outlets at | Outlets at | |||||||
| Outlets | Non- | Reacquired by | Opera- | |||||
| State | Year | Star of | End of | |||||
| Opened | Renewals | Franchisor | tions-Other | |||||
| the Year | the Year | |||||||
| Reasons | ||||||||
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, there were zero outlets opened in 2023. This is based on the 'Status of Franchised Outlets For Years 2021 to 2023' table, which provides a breakdown of outlet activity.
The table shows that for the year 2023, the number of outlets opened was zero. It also indicates that the number of outlets at the start of the year was zero, and the number of outlets at the end of the year remained zero. This suggests that there was no growth in the number of Extreme Art Studio franchised locations during that year.
This data is important for potential franchisees as it provides insight into the recent growth trends of Extreme Art Studio. A lack of new openings could indicate a period of stagnation or a strategic shift in the company's expansion plans. It is advisable for prospective franchisees to inquire about the reasons behind the lack of growth in 2023 and to understand the franchisor's future development strategy.