Did any Cd One Price Cleaners stores close during 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, none of their stores closed during the 2024 fiscal year, which ran from December 29, 2023, through December 27, 2024. The financial performance representation reflects data from 38 Cd One Price Cleaners stores that were franchisee-operated for the entire 2024 fiscal year.
It is important to note that while no stores closed, 11 new Cd One Price Cleaners locations (10 Satellite Stores and one converted store) opened during 2024. Because these stores did not operate for the entire fiscal year, their financial data was excluded from the initial gross revenue representation. However, some of these new stores are included in a later financial performance representation regarding cost information.
Prospective franchisees should consider this information in the context of overall franchise performance. While no closures is a positive sign, understanding the performance of new stores and the reasons for excluding them from certain financial representations is crucial for making an informed investment decision. Further research into the performance of existing Cd One Price Cleaners locations and the factors influencing their success is advisable.