How many Chem Dry outlets were operating in Wyoming in 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 |
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 3 Chem Dry outlets operating in Wyoming at the end of 2023. The provided table summarizes the systemwide outlet information for the years 2021 through 2023. This information is useful for potential franchisees to understand the brand's presence and changes in specific states over the past three years.
Specifically, the table provides a snapshot of Chem Dry's footprint in Wyoming over the three-year period. In 2021, there were 10 outlets at the start of the year, with 1 termination leading to 9 outlets at the end of the year. By 2022, the number decreased to 9 at the start of the year, with 4 outlets closing, resulting in 5 outlets. In 2023, there were 5 outlets at the start of the year, and the number decreased to 3 at the end of the year.
This data indicates a fluctuating presence of Chem Dry franchises in Wyoming. A prospective franchisee should investigate the reasons behind the closures and terminations to assess the market's viability and potential challenges. Understanding the local market dynamics and the factors contributing to these changes is crucial for making an informed investment decision. It would be prudent to discuss these trends with the franchisor to gain further insights.