How many Chem Dry franchises in Nevada were ceased operating for other reasons during 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 |
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, in 2023, zero franchises in Nevada ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
This data point is part of a broader table summarizing outlet activity across all states for the past three years. Reviewing this table allows prospective franchisees to understand the stability and turnover of Chem Dry franchises in specific geographic areas. The 'Ceased Operations – Other Reasons' category typically includes closures due to factors like franchisee health issues, local economic downturns, or failure to find a buyer when the franchisee wants to sell.
For a prospective Chem Dry franchisee, this information is valuable in assessing the risks and opportunities associated with investing in a specific market. A high number of closures for 'other reasons' might indicate underlying challenges in that area, while a consistently low number could suggest a more stable business environment. It is important to note that while Nevada reported zero 'ceased operations for other reasons' in 2023, there were other changes in the number of outlets, such as the reacquisition of one franchise and the termination of three franchises.
Therefore, while the absence of 'other reasons' closures might seem positive, a comprehensive understanding of the market requires considering all factors contributing to outlet changes. A potential franchisee should discuss these figures with Chem Dry to understand the specific reasons behind outlet changes and assess the overall health and potential of the Nevada market.