How many Chem Dry franchises were operating in Arkansas at the start of 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 |
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 9 Chem Dry franchises operating in Arkansas at the start of 2022. This information is part of a system-wide outlet summary covering the years 2021-2023. In 2022, one Chem Dry franchise was opened in Arkansas, bringing the total to 10 by the end of the year.
This data is useful for prospective franchisees to understand the existing market presence of Chem Dry in Arkansas and its growth trajectory. The opening of one franchise during 2022 indicates some level of market expansion in the state. However, it's important to consider this data in conjunction with other factors, such as the overall size of the Arkansas market, population density, and local economic conditions, to assess the potential for further growth.
It is also important to note that past performance does not guarantee future results. While Chem Dry added a franchise in Arkansas during 2022, various market dynamics and local conditions could influence future growth. Prospective franchisees should conduct their own due diligence, including market research and financial analysis, to determine the viability of a Chem Dry franchise in their specific area of interest within Arkansas.
Overall, the information provided in the FDD offers a snapshot of Chem Dry's franchise network in Arkansas, but further investigation is necessary to make an informed investment decision.