In 2022, how many Chem Dry outlets in Pennsylvania were transferred to new owners?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
TABLE 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (other than the Franchisor) FOR YEARS – 2021 – 2023*
| State | Year | Number of Transfers | |---|---|---| | Arizona | 2021 | 0 | | | 2022 | 0 | | | 2023 | 4 | | California | 2021 | 5 | | | 2022 | 12 | | | 2023 | 2 | | Colorado | 2021 | 1 | | | 2022 | 0 | | | 2023 | 0 | | Florida | 2021 | 7 | | | 2022 | 5 | | | 2023 | 0 | | Georgia | 2021 | 0 | | | 2022 | 0 | | | 2023 | 3 | | Hawaii | 2021 | 0 | | | 2022 | 1 | | | 2023 | 0 | | Idaho | 2021 | 0 | | | 2022 | 1 | | | 2023 | 2 | | Illinois | 2021 | 0 | | | 2022 | 6 | | | 2023 | 2 | | Indiana | 2021 | 0 | | | 2022 | 2 | | | 2023 | 0 | | Iowa | 2021 | 0 | | | 2022 | 1 | | | 2023 | 0 | | Kansas | 2021 | 0 | | | 2022 | 1 | 
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, in 2022, one Chem Dry outlet in Pennsylvania was transferred to a new owner. This information is detailed in the Systemwide Outlet Summary table, which tracks the number of transfers of outlets from franchisees to new owners.
This data point is relevant for prospective franchisees as it provides insight into the resale market for Chem Dry franchises in Pennsylvania. A higher number of transfers might indicate a more liquid market, while a lower number could suggest fewer opportunities to acquire an existing Chem Dry business.
It is important to note that this table only reflects transfers to new owners and does not include instances where the franchise was reacquired by Chem Dry itself. Reviewing transfer rates alongside new outlet openings and closures can provide a more comprehensive understanding of the franchise network's stability and growth within Pennsylvania.