How many Chem Dry outlets in Oregon were transferred to new owners in 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
TABLE 2 TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (other than the Franchisor) FOR YEARS – 2021 – 2023*
| State | Year | Number of Transfers |
|---|---|---|
| Arizona | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 4 | |
| California | 2021 | 5 |
| 2022 | 12 | |
| 2023 | 2 | |
| Colorado | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| Florida | 2021 | 7 |
| 2022 | 5 | |
| 2023 | 0 | |
| Georgia | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 3 | |
| Hawaii | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| Idaho | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 2 | |
| Illinois | 2021 | 0 |
| 2022 | 6 | |
| 2023 | 2 | |
| Indiana | 2021 | 0 |
| 2022 | 2 | |
| 2023 | 0 | |
| Iowa | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 |
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 zero transfers of Chem Dry outlets to new owners in Oregon during 2023. The provided table, which summarizes outlet transfers from 2021 to 2023, lists the number of transfers for each state.
For a prospective franchisee, this data indicates the stability of Chem Dry franchises in Oregon. A lack of transfers could mean that existing franchisees are satisfied with their businesses or that there is limited demand for existing franchises in that state. It is important to note that this table specifically tracks transfers to new owners, excluding re acquisitions by Chem Dry itself.
It would be prudent for potential franchisees to investigate further into the reasons behind the absence of transfers. This could involve speaking with current and former franchisees in Oregon to understand their experiences and perspectives on the Chem Dry business model and market conditions in the area. Understanding the local market dynamics is crucial for making an informed investment decision.