How many Chem Dry franchises in North Dakota were terminated in 2021?
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, there were zero terminations of Chem Dry franchises in North Dakota during 2021. The provided table outlines the franchise activity across different states, including terminations, non-renewals, and other changes in outlet status. This information is crucial for potential franchisees to understand the stability and turnover within the Chem Dry system.
Specifically, the table details the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For North Dakota in 2021, the table indicates that there were 4 outlets at the start of the year, no outlets were opened, 1 outlet was classified as a termination, 1 outlet was classified as a non-renewal, and 2 outlets remained at the end of the year.
This data helps prospective Chem Dry franchisees assess the health and performance of the franchise system in specific geographic areas. A high number of terminations could indicate issues with the franchise model or support provided by Chem Dry, while a stable or growing number of outlets suggests a successful and sustainable business opportunity. Reviewing this information in conjunction with other sections of the FDD, such as franchisee satisfaction surveys and financial performance representations, can provide a comprehensive understanding of the Chem Dry franchise system.