How many Chem Dry outlets in South Dakota were transferred to new owners in 2021?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | |
| Kansas | 2021 | 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 outlets transferred to new owners in South Dakota during 2021. This information is based on Table 2, which details the transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
This data point is relevant for prospective franchisees as it provides insight into the stability and desirability of existing Chem Dry franchises in South Dakota. A low number of transfers could indicate franchisee satisfaction or a limited market for resales. Conversely, a high number might suggest challenges in maintaining successful franchises in that area.
It is important to note that this table only accounts for transfers to new owners and does not include instances where Chem Dry reacquired the outlet. Reviewing the overall number of franchise terminations and non-renewals in South Dakota, as shown in Table 1 of the FDD, could provide a more comprehensive understanding of franchise transitions in the state. A prospective franchisee should also inquire about the reasons for any past transfers to fully assess the opportunity.