How many Chem Dry franchises were operating in Georgia 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 35 Chem Dry franchises operating in the state of Georgia at the end of 2022. This number reflects changes from the beginning of the year, including the opening of new outlets, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operations.
The FDD provides a detailed breakdown of outlet activity by state and year, allowing prospective franchisees to understand the dynamics of the Chem Dry franchise network in specific geographic areas. This information is crucial for assessing the stability and growth potential of the franchise in a particular market. Factors such as terminations and non-renewals can indicate challenges within the system, while the number of new outlets opened can signal growth and opportunity.
For a prospective Chem Dry franchisee, understanding these trends in Georgia is essential. The decrease from 59 outlets at the start of 2022 to 35 at the end of the year indicates a significant net loss of 24 units. This could prompt further investigation into the reasons behind these closures and whether they represent a broader trend or isolated incidents. It would be prudent to discuss these figures with Chem Dry's franchise representatives and current franchisees in Georgia to gain a comprehensive understanding of the market dynamics and potential challenges.
In addition to the number of outlets, the FDD also provides data on franchise transfers, which can be another indicator of the health and stability of the franchise system. While there were no transfers in Georgia during 2022, the information is available for other states and years, offering further insights into franchisee activity and potential opportunities for growth or acquisition.