How many Chem Dry franchises were operating in Georgia at the end of 2021?
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 59 Chem Dry franchises operating in Georgia at the end of 2021. At the start of 2021, there were 54 franchises. During 2021, 7 new Chem Dry franchises opened in Georgia, and 2 terminated their agreements. This resulted in a net increase of 5 franchises, bringing the total to 59 by the end of the year.
It is important to note that the number of franchises can fluctuate due to various reasons, including terminations, non-renewals, and transfers. Prospective franchisees should consider these factors when evaluating the potential market and competition in Georgia. Understanding the dynamics of franchise growth and attrition can provide valuable insights into the stability and attractiveness of the Chem Dry brand in the region.
Monitoring these trends over several years, as presented in the FDD, can offer a more comprehensive understanding of the Chem Dry's performance and market presence in Georgia. This information, combined with direct communication with current and former franchisees, can help potential investors make informed decisions about their investment in a Chem Dry franchise.