In 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 count of individual franchise owners within each measured category, derived from a total of 246 Responding Franchise Owners. These owners provided their 2023 financial information via Chem Dry's Customer Management Software. To ensure an accurate comparison to the franchise being offered, Chem Dry excluded data from franchisees earning less than $75,000 annually due to part-time or semi-retired operations. The 246 Responding Franchise Owners collectively owned 706 Chem-Dry business franchises and had been operating for at least one year as of January 1, 2023, and throughout 2023.

This metric is used in conjunction with other data, such as 'Number of Franchises', 'Average Revenue per Owner', and 'Average Revenue per Franchise', to provide a comprehensive view of financial performance across different segments of Chem Dry franchisees. For instance, the FDD presents tables that categorize franchise owners by revenue quartiles and then shows the 'Number of Owners' in each quartile, along with their corresponding revenue metrics. This allows prospective franchisees to see how many individual owners are achieving certain revenue levels.

It's important to note that these figures are based on self-reported data from franchisees using the Customer Management Software and have not been audited or independently verified. A prospective Chem Dry franchisee should consider that factors such as operational capability, pricing strategies, market competition, and the ability to sell ancillary services can significantly impact individual revenue. Therefore, past performance is not necessarily indicative of future results, and individual outcomes may vary.