How many Chem Dry franchises were operating in Hawaii 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 |
|---|
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 3 Chem Dry franchises operating in Hawaii at the end of 2023. The FDD provides a detailed breakdown of outlet numbers by state and year, allowing prospective franchisees to assess the brand's presence and performance in specific geographic areas. This information is crucial for understanding market saturation and growth potential.
Specifically, the table outlines the number of outlets at the start of the year, the number of outlets opened, and the number of terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year. For Hawaii, in 2021 there were 6 outlets at the start of the year and 4 at the end of the year. In 2022, there were 4 at the start and 3 at the end of the year. In 2023, there were 3 at the start and 3 at the end of the year.
This level of detail enables potential Chem Dry franchisees to evaluate the stability and trends within the franchise system. A decrease in the number of outlets, as seen in Hawaii from 2021 to 2023, may warrant further investigation into the reasons behind the closures or non-renewals. Conversely, a steady or increasing number of outlets could indicate a healthy and expanding market presence.