How many Chem Dry franchises were operating in Illinois 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 10 Chem Dry franchises operating in Illinois at the end of 2022. The table provided in Item 20 of the FDD details the systemwide outlet summary for the years 2021 through 2023, broken down by state. This information is useful for prospective franchisees to understand the brand's presence and growth (or decline) in specific geographic areas.
Specifically, the table shows the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For Illinois in 2022, there were 10 outlets at the start of the year and no additional outlets opened. There were 2 terminations and 0 non-renewals. There were also 0 outlets reacquired by the franchisor and 0 that ceased operations for other reasons. This resulted in 10 Chem Dry franchises operating in Illinois at the end of 2022.
This type of data is essential for potential franchisees as it offers insights into the stability and performance of the franchise network in a particular state. A high number of terminations or closures could indicate issues with the market, franchisor support, or franchisee profitability. Conversely, a steady increase in the number of outlets could suggest a healthy and growing market for Chem Dry services. Franchisees should investigate the reasons behind any terminations or closures to fully understand the risks and opportunities in their target market.