How many Chem Dry outlets were operating in North Dakota at the end of 2023?
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 |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 32 | 0 | 1 | 0 | 0 | 0 | 31 |
| 2022 | 31 | 0 | 4 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 1 | 4 | 1 | 0 | 0 | 23 | |
| Alaska | 2 |
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 2 Chem Dry outlets operating in North Dakota at the end of 2023. The table provided in Item 20 of the FDD details the systemwide outlet summary for the years 2021 through 2023, offering a year-by-year view of outlet activity in each state. This information is valuable for prospective franchisees as it provides insight into the brand's presence and changes in specific geographic areas.
Specifically, the table shows the number of Chem Dry outlets at the beginning of the year, the number of 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. For North Dakota, the data indicates that in 2021 there were 4 outlets at the start of the year, 1 termination, and 1 outlet ceased operations for other reasons, resulting in 2 outlets at the end of 2021. In 2022, there were 2 outlets at the start of the year and no changes, leaving 2 outlets at the end of 2022. In 2023, there were 2 outlets at the start of the year and no changes, leaving 2 outlets at the end of 2023.
This level of detail can help a potential Chem Dry franchisee understand the stability and growth (or decline) of the franchise network in a particular state. It is important to note that the presence of terminations or non-renewals does not necessarily indicate a problem with the franchise system, but it may warrant further investigation. A prospective franchisee might want to inquire about the reasons for these changes and how Chem Dry supports its franchisees in North Dakota. Understanding these trends can inform a franchisee's decision-making process and business planning.