How many Chem Dry outlets ceased operations in Massachusetts during 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 |
|---|
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, in Massachusetts, 1 Chem Dry outlet ceased operations for other reasons in 2022.
This information is derived from the Systemwide Outlet Summary table, which tracks the number of outlets at the start of the year, 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. The "Ceased Operations Other Reasons" category provides insight into franchise closures that are not due to termination, non-renewal, or reacquisition by Chem Dry.
For a prospective Chem Dry franchisee, this data indicates the stability and turnover of franchises within specific states. A high number of closures for "other reasons" could warrant further investigation into the factors causing these closures. It's important to note that this data reflects past performance and may not be indicative of future results.