How did Chem Dry's inventory change from 2021 to 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
Inventory consists of equipment, cleaning supplies, chemicals, and mixed cleaning solutions. Inventory, net of reserve, at December 31, 2023, 2022, and 2021 consists of the following:
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
Based on the 2024 Chem Dry Franchise Disclosure Document, the company's Item 23 includes a table that refers to inventory, net of reserve, at December 31, 2023, 2022, and 2021. The inventory consists of equipment, cleaning supplies, chemicals, and mixed cleaning solutions. However, the actual inventory values for these years are not included in the provided excerpts.
Because the specific inventory numbers are not present in the provided documentation, it is not possible to determine the exact change in Chem Dry's inventory value from 2021 to 2022. The FDD excerpt only mentions the categories of items included in the inventory.
A prospective Chem Dry franchisee should ask the franchisor for the specific inventory values for 2021, 2022, and 2023 to fully understand the company's inventory trends. This information would be helpful in assessing the financial health and operational efficiency of Chem Dry.