How many Chem Dry franchises were operating in Illinois 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 10 Chem Dry franchises operating in Illinois at the end of 2023. The table provided in Item 20 of the FDD outlines the systemwide 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.
For a prospective Chem Dry franchisee in Illinois, this information indicates the existing market presence of the franchise within the state. It can be useful to further investigate the reasons behind any terminations or non-renewals to understand potential challenges or opportunities within the Illinois market. Additionally, understanding the number of outlets opened can provide insight into the growth and expansion trends of Chem Dry in Illinois.
It's important to note that this data reflects the number of franchise outlets and not necessarily the performance or success of individual franchises. A prospective franchisee should conduct thorough due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the Chem Dry franchise system in Illinois.