How many Chem Dry franchises were operating in Indiana at the end of 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 10 | 2 | 5 | 0 | 0 | 4 | 3 | |
|---|---|---|---|---|---|---|---|---|
| California | 2021 | 272 | 8 | 19 | 5 | 0 | 0 | 256 |
| 2022 | 256 | 13 | 5 | 13 | 0 | 27 | 224 | |
| 2023 | 224 | 5 | 16 | 15 | 0 | 0 | 198 | |
| Colorado | 2021 | 53 | 1 | 7 | 1 | 0 | 1 | 45 |
| 2022 | 45 | 1 | 2 | 2 | 0 | 0 | 40 | |
| 2023 | 40 | 0 | 2 | 2 | 0 | 0 | 36 | |
| Connecticut | 2021 | 13 | 3 | 0 | 0 | 0 | 0 | 16 |
| 2022 | 16 | 0 | 2 | 2 | 0 | 0 | 12 | |
| 2023 | 12 | 0 | 5 | 0 | 0 | 0 | 7 | |
| Delaware | 2021 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 3 | 4 | |
| 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| District of | 2021 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| Columbia | ||||||||
| 2022 | 4 | 0 | 2 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Florida | 2021 | 104 | 9 | 7 | 3 | 0 | 0 | 103 |
| 2022 | 103 | 0 | 11 | 8 | 0 | 1 | 88 | |
| 2023 | 88 | 7 | 12 | 2 | 0 | 0 | 81 | |
| Georgia | 2021 | 54 | 7 | 2 | 0 | 0 | 0 | 59 |
| 2022 | 59 | 4 | 22 | 3 | 0 | 3 | 35 | |
| 2023 | 35 | 0 | 4 | 0 | 0 | 2 | 29 | |
| Hawaii | 2021 | 6 | 0 | 2 | 0 | 0 | 0 | 4 |
| 2022 | 4 | 0 | 1 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Idaho | 2021 | 28 | 0 | 0 | 0 | 0 | 0 | 28 |
| 2022 | 28 | 0 | 2 | 0 | 0 | 0 | 26 | |
| 2023 | 26 | 0 | 0 | 1 | 0 | 0 | 25 | |
| Illinois | 2021 | 68 | 0 | 0 | 5 | 0 | 0 | 63 |
| 2022 | 63 | 1 | 10 | 4 | 0 | 1 | 49 | |
| 2023 | 49 | 0 | 0 | 2 | 0 | 0 | 46 | |
| Indiana | 2021 | 54 | 3 | 0 | 5 | 0 | 0 | 52 |
| 2022 | 52 | 0 | 3 | 4 | 0 | 2 | 43 | |
| 2023 | 43 | 0 | 0 | 1 | 0 | 0 | 42 |
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 43 Chem Dry franchises operating in Indiana at the end of 2022. At the start of 2022, there were 52 franchises. During 2022, no new Chem Dry franchises opened in Indiana, 3 were terminated, 4 were non-renewed, and 2 ceased operations for other reasons.
It is important to note the changes in the number of franchises. The decrease from 52 to 43 indicates a net loss of 9 franchises in Indiana during 2022. This could be due to various factors such as franchisees not renewing their agreements, terminations by Chem Dry, or franchisees ceasing operations for other reasons. A prospective franchisee should investigate the reasons behind these changes to better understand the market dynamics in Indiana.
Understanding the reasons for franchise terminations and non-renewals can provide valuable insights into the challenges and opportunities within the Chem Dry system in Indiana. This information can help a potential franchisee assess the stability and growth potential of the Chem Dry franchise in that specific market. It is also worth noting that there were 2 franchise transfers in Indiana during 2022.