How many Chem Dry franchises were operating in Florida at the end of 2023?
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 81 Chem Dry franchises operating in Florida at the end of 2023. The FDD provides a detailed breakdown of outlet activity by state, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the resulting number of outlets at the end of the year. This information is presented in Table 1, which covers the years 2021, 2022, and 2023.
For a prospective Chem Dry franchisee, this level of detail offers valuable insights into the brand's performance and stability in specific markets. The data for Florida shows the changes in the number of franchises over the three-year period. In 2021, there were 104 Chem Dry franchises at the start of the year, 9 opened, 7 terminated, 3 non-renewed, resulting in 103 at the end of the year. In 2022, there were 103 at the start of the year, none opened, 11 terminated, 8 non-renewed, and 1 ceased operations for other reasons, resulting in 88 at the end of the year. In 2023, there were 88 at the start of the year, 7 opened, 12 terminated, and 2 non-renewed, resulting in 81 at the end of the year.
Reviewing these trends can help a potential franchisee assess the health of the Chem Dry brand in Florida, understand the dynamics of franchise openings and closures, and evaluate the factors that might be contributing to these changes. It's important to note that a license relocated from New York to Florida in 2023, increasing Florida numbers and reducing New York numbers. This type of information is crucial for making an informed investment decision and understanding the competitive landscape. By examining the historical data, a franchisee can better anticipate potential challenges and opportunities in the Florida market.