For the Chem Dry financial performance representation, what does 'Number of Owners' refer to?

According to Chem Dry's 2024 Franchise Disclosure Document, the 'Number of Owners' reflects the number of individual franchise owners in each measured category out of the total 246 Responding Franchise Owners. These owners provided their 2023 financial information via Chem Dry's Customer Management Software.

Chem Dry's financial performance representation includes data from 246 franchise owners, who collectively own 706 Chem-Dry business franchises. These are referred to as the "Responding Franchise Owners" and "Responding Franchises." The data represents franchises that operated for at least one year as of January 1, 2023, and continued operating throughout 2023.

The FDD emphasizes that a franchise owner's revenue can be impacted by various factors, including their operational capabilities, pricing decisions, market competition, and ability to sell ancillary products and higher-margin services. The reported figures have not been audited or independently verified, so prospective franchisees should consider this when evaluating the data. Chem Dry will provide written substantiation for the data used to prepare the financial performance representation upon reasonable request.