How many Chem Dry outlets in Ohio were reacquired by the franchisor in 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
numbers and reducing District of Columbia numbers.
TABLE 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS – 2021 – 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year | |---|---|---|---|---|---|---|---| | Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
**TABLE 5 PROJECT
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 zero outlets in Ohio reacquired by the franchisor in 2023. The provided table in Item 20 outlines the systemwide outlet summary for the years 2021-2023, detailing the changes in the number of outlets across various states.
Specifically, for Ohio in 2023, the table shows the following data: Outlets at Start of Year (30), Outlets Opened (0), Outlets Reacquired from Franchisee (0), Outlets Closed (7), Outlets Sold to Franchisee (1), and Outlets at End of the Year (22). The 'Outlets Reacquired from Franchisee' column indicates the number of existing Chem Dry franchises that were bought back by the company during that year.
For a prospective Chem Dry franchisee, this data indicates that reacquisition of franchises by Chem Dry is not a common occurrence in Ohio, at least for the year 2023. This could be interpreted positively, suggesting stable franchise operations within the state. However, it is important to consider this data in conjunction with other factors, such as terminations and non-renewals, to gain a comprehensive understanding of franchise stability and turnover.