How many Chem Dry franchises were operating in Florida 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 | 0 | 0 | 31 |
| 2022 | 31 | 0 | 4 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 1 | 4 | 1 | 0 | 0 | 23 |
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 88 franchises operating in Florida at the end of 2022. This number reflects changes from the beginning of the year, including any outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and any licenses relocated.
Specifically, at the start of 2022, there were 103 Chem Dry outlets in Florida. During 2022, no new Chem Dry franchises opened in Florida. However, there were 11 terminations, 8 non-renewals, and 1 franchise that ceased operations for other reasons. This resulted in a net decrease, bringing the total number of Chem Dry franchises in Florida down to 88 by the end of 2022.
It is important for a prospective Chem Dry franchisee to understand the dynamics of outlet changes in their target state. Factors such as terminations and non-renewals can indicate market challenges or franchisee performance issues. Reviewing these trends over multiple years, as presented in the FDD, can provide a more comprehensive understanding of the stability and growth potential of the Chem Dry franchise in a specific region.