How many Chem Dry franchises in North Carolina were not renewed in 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 |
|---|
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 North Carolina that were not renewed in 2022. The provided table outlines the systemwide outlet summary for the years 2021-2023, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year.
Specifically, for North Carolina in 2022, the table shows that there were 67 outlets at the start of the year, zero outlets opened, 8 terminations, zero non-renewals, zero re acquisitions by the franchisor, 3 that ceased operations for other reasons, resulting in 56 outlets at the end of the year.
This data point is important for prospective franchisees as it provides insight into the stability and health of the Chem Dry franchise system in North Carolina. A low number of non-renewals can indicate franchisee satisfaction and a strong business model. However, it is also important to consider the number of terminations and outlets that ceased operations for other reasons, as these can be indicators of potential challenges within the franchise system.