How many Chem Dry franchises were operating in District of Columbia at the end 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 |
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 Chem Dry franchises operating in the District of Columbia at the start of 2022. During 2022, no additional franchises were opened, none were terminated, none were non-renewed, none were reacquired by Chem Dry, and none ceased operations for other reasons. This resulted in 4 Chem Dry franchises operating in the District of Columbia at the end of 2022.
It is important to note that in 2023, Chem Dry relocated one franchise license from the District of Columbia to Virginia and another to Maryland. This decreased the number of Chem Dry franchises operating in the District of Columbia to 2 by the end of 2023.
Prospective franchisees should be aware of the factors that can influence the number of operating franchises in a specific area. These factors can include terminations, non-renewals, relocations, and other reasons for ceasing operations. Understanding these trends can help a franchisee assess the stability and growth potential of the Chem Dry brand in a particular market.