How many Chem Dry outlets in Pennsylvania were not renewed 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 |
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 Chem Dry outlets in Pennsylvania that were not renewed in 2023. The provided table outlines the system-wide outlet summary for the years 2021-2023, detailing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, ceased operations for other reasons, and outlets at the end of the year.
Specifically, for Pennsylvania in 2023, the table shows that there were 44 outlets at the start of the year. During 2023, there were no outlets opened, no terminations, no non-renewals, no outlets reacquired by the franchisor, and no ceased operations for other reasons. However, 8 outlets were sold to a franchisee, resulting in 36 outlets at the end of the year.
This data point is crucial for prospective franchisees as it provides insight into the stability and renewal rates of Chem Dry franchises in Pennsylvania. A low number of non-renewals can indicate franchisee satisfaction and the overall health of the franchise system within the state. It is important to note that while there were no non-renewals, there were 8 outlets that were sold to a franchisee, which could indicate a change in ownership but not necessarily a negative outcome.