How many Chem Dry franchises were operating in Connecticut at the end of 2021?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 10 | 2 | 5 | 0 | 0 | 4 | 3 | |
|---|---|---|---|---|---|---|---|---|
| California | 2021 | 272 | 8 | 19 | 5 | 0 | 0 | 256 |
| 2022 | 256 | 13 | 5 | 13 | 0 | 27 | 224 | |
| 2023 | 224 | 5 | 16 | 15 | 0 | 0 | 198 | |
| Colorado | 2021 | 53 | 1 | 7 | 1 | 0 | 1 | 45 |
| 2022 | 45 | 1 | 2 | 2 | 0 | 0 | 40 | |
| 2023 | 40 | 0 | 2 | 2 | 0 | 0 | 36 | |
| Connecticut | 2021 | 13 | 3 | 0 | 0 | 0 | 0 | 16 |
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 16 Chem Dry franchises operating in Connecticut at the end of 2021. This number reflects the total number of outlets after accounting for openings, terminations, non-renewals, reacquisitions by the franchisor, and other reasons for ceased operations.
For a prospective Chem Dry franchisee, this data point provides a snapshot of the brand's presence and market penetration in Connecticut during that year. It can be useful for understanding the competitive landscape and potential market opportunities in the state. A higher number of existing franchises might indicate strong brand recognition and established customer base, while a lower number could suggest untapped market potential.
It's important to note that this number represents a specific point in time and can fluctuate due to various factors, as evidenced by the changes in outlet numbers in subsequent years. Therefore, prospective franchisees should also consider the trends in outlet growth or decline, as well as the reasons behind these changes, to gain a more comprehensive understanding of the franchise's performance in the region.