How many Cd One Price Cleaners stores opened in 2024?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
There were 51 CD Stores operating as of December 31, 2024, all of which franchisees owned and operated. 34 are Plant Stores and 17 are Satellite Stores. 11 CD Stores (10 new Satellite Stores and one existing store that was converted to a Satellite Store) opened in 2024, so they did not operate for the entire fiscal period from December 29, 2023 through December 27, 2024 (the "2024 Fiscal Year"). Our affiliate had a temporary test arrangement with one Plant Store in 2024 (the "Test Program Store") under which that store handled the cleaning and other production costs associated with a pickup and delivery business that our affiliate operated in a large area. This atypical arrangement only lasted a few months but it distorted the Test Program Store's gross revenue and expense information from what it would have experienced if it had operated a more typical pickup and delivery service on its own in a more standard area. Therefore, this first financial performance representation reflects the actual, historical Gross Revenue during the 2024 Fiscal Year for the remaining 38 CD Stores that franchisees operated for the entire 2024 Fiscal Year (the "Revenue Reporting Stores"). No CD Stores closed during 2024.
Source: Item 19 — Financial Performance Representations (FDD pages 63–68)
What This Means (2025 FDD)
According to Cd One Price Cleaners's 2025 Franchise Disclosure Document, 11 Cd One Price Cleaners stores opened in 2024. Specifically, 10 of these were new Satellite Stores, and one was an existing store converted to a Satellite Store. These stores did not operate for the entire fiscal year, which ran from December 29, 2023, through December 27, 2024.
Cd One Price Cleaners excluded these 11 stores from their initial revenue reporting because they did not operate for the full 2024 fiscal year. However, the FDD notes that all Satellite Stores operate as part of a Group and receive production services from associated Plant Stores.
Of these 11 Satellite Stores, 2 did not provide complete cost information and were excluded from the cost reporting stores. The other 9 new Satellite Stores were included in the cost reporting, even though they operated for only part of 2024 (averaging 4.5 months). This inclusion was to avoid excluding their associated Plant Stores, which operated for the entire year, due to the combined reporting of expenses.