How many Chem Dry outlets in Oregon were terminated in 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| Ohio | 2021 | 40 | 0 | 0 | 1 | 0 | 0 | 39 |
|---|---|---|---|---|---|---|---|---|
| 2022 | 39 | 1 | 5 | 2 | 0 | 3 | 30 | |
| 2023 | 30 | 0 | 7 | 1 | 0 | 0 | 22 | |
| Oklahoma | 2021 | 15 | 0 | 0 | 0 | 0 | 0 | 15 |
| 2022 | 15 | 2 | 0 | 0 | 0 | 0 | 17 | |
| 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | |
| Oregon | 2021 | 40 | 0 | 0 | 0 | 0 | 0 | 40 |
| 2022 | 40 | 0 | 6 | 1 | 0 | 1 | 33 | |
| 2023 | 33 | 0 | 0 | 1 | 0 | 0 | 32 |
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 6 Chem Dry outlets closed in Oregon and 1 termination in 2022.
This data point is crucial for potential franchisees in Oregon as it provides insight into the stability and success rate of Chem Dry franchises in the state. A high number of terminations and closures could indicate challenges within the Oregon market, such as increased competition, economic downturns, or issues with franchisor support.
Conversely, a low number might suggest a healthy and supportive franchise environment. It's important to note that 'Outlets Closed' can encompass various reasons beyond terminations, including non-renewals or mutual agreements to end the franchise relationship. A prospective franchisee should investigate the reasons behind closures to fully understand the risks and opportunities associated with opening a Chem Dry franchise in Oregon.