How many Chem Dry outlets opened in Maryland 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, there were 5 Chem Dry outlets opened in Maryland during 2022. This information is derived from the 'Systemwide Outlet Summary' table, which provides a state-by-state breakdown of outlet activity over the past three years. This data helps prospective franchisees understand the brand's growth and presence in specific geographic areas.
For a potential Chem Dry franchisee, this information is valuable in assessing the market dynamics in Maryland. A higher number of openings could indicate a growing market or strong brand recognition, while a lower number might suggest a more saturated market or other competitive factors. Reviewing these trends over multiple years, as the table provides, offers a more comprehensive view of market stability and growth potential.
It's also important to note that while 5 new Chem Dry locations opened in Maryland during 2022, the number of total outlets in the state decreased from 54 in 2021 to 47 in 2022. This indicates that while new franchises were established, existing ones may have closed or ceased operations for various reasons, as detailed in the table's other columns such as 'Terminations,' 'Non-Renewals,' and 'Ceased Operations - Other Reasons.'