How many franchised Chem Dry outlets were operating at the start of 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION TABLE 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS – 2021 – 2023]
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 1770 | 1692 | -78 | |
| Franchised | 2022 | 1692 | 1437 | -255 |
| 2023 | 1437 | 1284 | -153 | |
| 2021 | 0 | 0 | 0 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| Total Outlets | 2021 | 1770 | 1692 | -78 |
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 1,692 franchised outlets operating at the start of 2022. This information is derived from the 'Systemwide Outlet Summary' table within the FDD, which provides a year-by-year overview of the number of franchised Chem Dry outlets.
This figure is important for potential franchisees as it provides a snapshot of the brand's scale and reach at that time. It can be used to assess the brand's growth trajectory by comparing it to the number of outlets at the start of 2021 (1,770) and 2023 (1,437). The table also shows a net change of -78 in 2021 and -255 in 2022, which indicates a decrease in the number of franchised outlets during those years.
Analyzing these numbers helps prospective franchisees understand the dynamics of the Chem Dry franchise system, including outlet openings, closures, and overall changes in the number of operating franchises. This data, combined with other factors such as financial performance and market conditions, can inform their decision-making process.