How many Chem Dry franchises were operating in Georgia 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 29 Chem Dry franchises operating in Georgia at the end of 2023. The table provided in Item 20 of the FDD outlines the system-wide outlet summary for the years 2021-2023, detailing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year for each state.
In 2023, Chem Dry in Georgia did not open any new locations. However, 4 franchises were terminated, and 2 ceased operations for other reasons. This resulted in a decrease from 35 outlets at the start of 2023 to 29 outlets by the end of the year.
Prospective franchisees should note this decrease in Chem Dry franchises in Georgia. It may be prudent to investigate the reasons for the terminations and ceased operations to better understand the market dynamics and potential challenges in that specific region. Understanding these factors can help a franchisee make a more informed decision about investing in a Chem Dry franchise in Georgia.