How many Chem Dry franchises were operating in District of Columbia 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 |
| 2022 | 16 | 0 | 2 | 2 | 0 | 0 | 12 | |
| 2023 | 12 | 0 | 5 | 0 | 0 | 0 | 7 | |
| Delaware | 2021 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 3 | 4 | |
| 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| District of | 2021 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| Columbia |
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 4 franchises operating in the District of Columbia at the end of 2021. The FDD provides a detailed breakdown of outlet numbers across different states and years. This information is useful for prospective franchisees to understand the brand's presence and performance in specific geographic areas.
For a potential Chem Dry franchisee, this data indicates the existing market saturation and brand recognition in the District of Columbia. A smaller number of existing franchises might suggest an opportunity for growth, but it could also indicate challenges specific to that market. Further investigation would be needed to understand the reasons behind these numbers.
It's also important to note that the number of franchises can change over time due to various factors such as terminations, non-renewals, or relocations. In fact, the FDD notes that in 2023, one District of Columbia license relocated to Virginia and another to Maryland. Reviewing the trends in outlet numbers over the three years (2021-2023) provides a more comprehensive view of the brand's stability and growth potential in a particular area.
Therefore, while the 2024 FDD states that Chem Dry had 4 franchises in operation in District of Columbia at the close of 2021, a prospective franchisee should also consider the changes in subsequent years and investigate the factors influencing these changes to assess the true potential of the market.