How many Chem Dry franchises in Missouri were transferred in 2021?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 4 | |
| California | 2021 | 5 |
| 2022 | 12 | |
| 2023 | 2 | |
| Colorado | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| Florida | 2021 | 7 |
| 2022 | 5 | |
| 2023 | 0 | |
| Georgia | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 3 | |
| Hawaii | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| Idaho | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 2 | |
| Illinois | 2021 | 0 |
| 2022 | 6 | |
| 2023 | 2 | |
| Indiana | 2021 | 0 |
| 2022 | 2 | |
| 2023 | 0 | |
| Iowa | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| Kansas | 2021 | 0 |
| 2022 | 1 |
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 zero franchise transfers in Missouri during 2021. This information is based on the system-wide outlet summary for the years 2021-2023.
Franchise transfers occur when an existing franchisee sells their business to a new owner, who then takes over the franchise agreement. A low number of transfers could indicate franchisee satisfaction or a lack of resale opportunities. Conversely, a high number might suggest challenges in profitability or other issues that prompt franchisees to sell.
Prospective franchisees should consider the transfer history in their target market as part of their due diligence. Understanding the reasons behind franchise transfers, whether positive or negative, can provide valuable insights into the health and stability of the Chem Dry franchise system in a specific area.