How many Chem Dry franchise transfers occurred in Hawaii during 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Hawaii | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 |
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 was one franchise transfer in Hawaii during 2022. This information is part of a larger table summarizing systemwide outlet data. The table provides a state-by-state breakdown of franchise transfers over the three-year period from 2021 to 2023.
For a prospective Chem Dry franchisee, this data point provides insight into the resale market for Chem Dry franchises in Hawaii. A low number of transfers could indicate limited opportunities to acquire an existing Chem Dry business in the state. It may also reflect franchisee satisfaction and stability within the Chem Dry system in Hawaii.
However, it is important to consider this data in context. One transfer in a single year does not necessarily establish a trend. Prospective franchisees should investigate further to understand the reasons behind franchise transfers in Hawaii and whether any specific factors are influencing the resale market. They should also consider the overall size of the Chem Dry network in Hawaii when evaluating the significance of this transfer figure.