How many Chem Dry franchises in Montana were reacquired by the franchisor during 2022?
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 zero franchises in Montana reacquired by Chem Dry during 2022. The table outlines the systemwide outlet summary for the years 2021-2023, detailing the changes in the number of outlets for each state. For Montana in 2022, the number of outlets reacquired by the franchisor is listed as 0.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Chem Dry franchises in specific regions. A high number of reacquired franchises could indicate potential issues with franchisee success or market conditions in that area. Conversely, a low number, as in the case of Montana, might suggest a more stable franchise environment.
Prospective franchisees should consider this data in conjunction with other factors, such as terminations, non-renewals, and overall outlet growth, to gain a comprehensive understanding of the franchise system's health in their target market. It's also advisable to speak with current and former franchisees to gather firsthand accounts of their experiences and challenges.