How many Chem Dry outlets in Rhode Island were not renewed during 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 Rhode Island that were not renewed during 2023. The table provided in Item 20 of the FDD outlines the system-wide outlet summary for the years 2021-2023, including terminations, non-renewals, and other reasons for ceased operations.
Specifically, for Rhode Island, the table shows that in 2023, there was 1 outlet at the start of the year, zero outlets opened, zero terminations, zero non-renewals, zero outlets reacquired by the franchisor, and zero ceased operations for other reasons. This resulted in 1 outlet at the end of the year.
This data point indicates stability for Chem Dry franchises in Rhode Island during 2023. Prospective franchisees may want to further investigate the reasons for non-renewals in other states to understand the factors that contribute to franchise agreement terminations or non-renewals within the Chem Dry system.