How many Chem Dry franchises in New York were terminated in 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 | 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 was one Chem Dry franchise in New York that was terminated in 2023. The data is captured in the Systemwide Outlet Summary table, which provides a breakdown of outlet activity by state and year. This includes the number of terminations, non-renewals, and other changes affecting the total outlet count. For a prospective franchisee, this information is valuable in assessing the stability and performance of the Chem Dry franchise system in specific geographic areas.
Specifically, the table shows that New York had 44 Chem Dry outlets at the start of 2023. During the year, there were 0 outlets opened, 1 termination, 2 non-renewals, and 0 ceased operations for other reasons. This resulted in 41 Chem Dry outlets at the end of 2023. Reviewing these trends over multiple years, as presented in the table (2021-2023), can give a more comprehensive understanding of the franchise network's dynamics.
It is important to note that terminations can occur for various reasons, including breaches of the franchise agreement or business performance issues. Non-renewals may indicate franchisees choosing not to continue their agreement at the end of its term. These figures, combined with data on outlet openings and closures for other reasons, provide a picture of the changes within the Chem Dry system. Prospective franchisees should investigate these figures in the context of their specific market to understand the local dynamics and potential challenges.