How many Chem Dry franchise agreements in Arizona were not renewed in 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
TOTALS | 2021 | 34 | | | 2022 | 52 | | | 2023 | 38 | TABLE 3 STATUS OF FRANCHISED OUTLETS FOR YEARS – 2021 – 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Termi nations | Non Renewals | Re acquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 32 | 0 | 1 | 0 | 0 | 0 | 31 |
| 2022 | 31 | 0 | 4 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 1 | 4 | 1 | 0 | 0 | 23 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION TABLE 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS – 2021 – 2023 (FDD pages 59–68)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, there were 2 Chem Dry franchise agreements in Arizona that were not renewed in 2023. This information is part of a broader overview of outlet statistics across different states and years.
For a prospective franchisee, this indicates the rate at which franchise agreements have ended by not being renewed. Non-renewal can occur for a variety of reasons, including the franchisee deciding to leave the system, failure to meet performance standards, or mutual agreement not to continue the relationship.
It's important to note that non-renewals are just one metric to consider when evaluating the health and stability of a franchise system. Other factors, such as terminations, transfers, and overall outlet growth, also play a significant role. Reviewing these figures over multiple years, as presented in the FDD, provides a more comprehensive understanding of the franchise's performance in specific regions like Arizona.