How many Chem Dry outlets opened in New Mexico during 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 1 | |
|---|---|---|
| Maryland | 2021 | 2 |
| 2022 | 0 | |
| 2023 | 0 | |
| Massachusetts | 2021 | 0 |
| 2022 | 11 | |
| 2023 | 4 | |
| Missouri | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| Nebraska | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| New Jersey | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| New Mexico | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 5 |
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 New Mexico during 2023. This information is part of the Systemwide Outlet Summary, which provides a detailed overview of outlet activity across different states and years.
For a prospective franchisee, this data indicates the level of expansion Chem Dry experienced in New Mexico during that year. While 5 new outlets may seem like a positive sign of growth, it's important to consider this number in the context of other factors. For example, the franchisee should investigate the number of terminations or non-renewals in the same period to understand the net growth and overall health of the Chem Dry franchise network in New Mexico.
It would be prudent for a potential Chem Dry franchisee to further investigate the reasons behind the number of openings and closures, and to understand the market dynamics in New Mexico. This information, combined with other due diligence steps, can help in making an informed decision about investing in a Chem Dry franchise.