How many Chem Dry franchises were operating in Idaho 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 25 Chem Dry franchises operating in Idaho at the end of 2023. The FDD provides a detailed table outlining the systemwide outlet summary for the years 2021 through 2023, broken down by state. This table includes information on outlets at the start of the year, outlets opened, terminations, non-renewals, reacquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically for Idaho, the table shows that in 2023, there were 26 outlets at the start of the year. During 2023, no new Chem Dry franchises opened in Idaho, and there were no terminations. However, there was one non-renewal. Consequently, the number of Chem Dry franchises operating in Idaho at the end of 2023 was 25.
This level of detail in the FDD is beneficial for prospective franchisees as it provides a clear picture of franchise activity in specific states. Reviewing these trends can help potential franchisees assess the stability and growth potential of the Chem Dry franchise in their target market. It's important to note that past performance is not necessarily indicative of future results, but it can offer valuable insights.