How many Chem Dry outlets in Canada were transferred to new owners during 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
78 |
| 2022 | 1692 | 1437 | -255 | |---|---|---|---| | 2023 | 1437 | 1284 | -153 | TABLE 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (other than the Franchisor) FOR YEARS – 2021 – 2023
| State
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 was one Chem Dry location in Canada that was transferred to a new owner in 2023. This information is based on Table 2, which summarizes transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
This data point is relevant for prospective franchisees as it provides insight into the resale market for Chem Dry franchises in Canada. A transfer indicates that an existing franchisee has sold their business to a new owner, which can be a viable entry point for individuals looking to join the Chem Dry system without starting from scratch.
However, it is important to note that this figure only reflects transfers to new owners and does not include instances where Chem Dry may have reacquired the outlet themselves. Reviewing transfer rates over multiple years, as provided in the table, can give a more comprehensive understanding of the stability and desirability of Chem Dry franchises in specific regions.