How many Chem Dry franchises were operating in Idaho 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 |
|---|
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 26 Chem Dry franchises operating in Idaho at the end of 2022. This number is derived from the Systemwide Outlet Summary table, which provides a breakdown of franchise locations by state and year. The table indicates the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquisitions by the franchisor, ceased operations for other reasons, and the resulting number of outlets at the end of the year.
For a prospective Chem Dry franchisee, this information offers insights into the stability and growth of the franchise network in Idaho. The presence of 26 franchises suggests an established market presence, which could be beneficial in terms of brand recognition and customer base. However, it's also important to consider the factors that contributed to any changes in outlet numbers, such as terminations or non-renewals, as these could indicate challenges within the region.
It is also worth noting that the number of transfers in Idaho during 2022 was 1. This could mean that existing franchisees are selling their businesses, which could be due to a variety of reasons, such as retirement or a change in career. It is important to investigate the reasons for these transfers to get a better understanding of the market in Idaho.
Overall, the data from the FDD provides a valuable starting point for assessing the Chem Dry franchise opportunity in Idaho. Prospective franchisees should further investigate the local market conditions, competition, and the reasons behind any franchise terminations or transfers to make an informed decision.