How many Chem Dry outlets were operating in Texas in 2021?
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 126 Chem Dry outlets operating in Texas at the end of 2021. At the start of 2021, there were 120 Chem Dry outlets. During 2021, 15 new Chem Dry outlets opened in Texas, while 3 were terminated, 4 were not renewed and 2 ceased operations for other reasons.
For a prospective Chem Dry franchisee, this data indicates the existing market presence and activity of the franchise in Texas. The number of openings and closures can provide insights into the growth and stability of the Chem Dry brand in the state. A high number of closures compared to openings could be a red flag, warranting further investigation into the reasons behind these closures.
It's important to note that these figures represent the total number of Chem Dry outlets, not necessarily the number of franchisees. Some franchisees may operate multiple outlets. Reviewing the trends over the three years (2021-2023) can provide a more comprehensive understanding of the franchise's performance in Texas. Comparing these figures to other states can also offer valuable context.
Prospective franchisees should investigate the reasons for terminations, non-renewals, and other ceased operations to understand the challenges and opportunities within the Texas market. This information, combined with discussions with current and former franchisees, can help in making an informed decision about investing in a Chem Dry franchise in Texas.