How many Chem Dry outlets in Tennessee 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 | |
| Pennsylvania | 2021 | 47 | 4 | 2 | 2 | 0 | 0 | 47 |
| 2022 | 47 | 9 | 6 | 4 | 0 | 2 | 44 | |
| 2023 | 44 | 0 | 0 | 8 | 0 | 0 | 36 | |
| Rhode Island | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| South Carolina | 2021 | 39 | 2 | 0 | 1 | 0 | 2 | 38 |
| 2022 | 38 | 0 | 0 | 4 | 0 | 0 | 34 | |
| 2023 | 34 | 0 | 5 | 0 | 0 | 0 | 29 | |
| South Dakota | 2021 | 5 | 0 | 2 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 2 | 0 | 0 | 0 | 0 | 5 | |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Tennessee | 2021 | 28 | 2 | 0 | 0 | 0 | 0 | 30 |
| 2022 | 30 | 3 |
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 5 terminations of Chem Dry franchises in Tennessee during 2022.
This information is crucial for potential franchisees as it offers insight into the stability and success rate of Chem Dry franchises in Tennessee. A high number of terminations could indicate underlying issues with the market, franchisor support, or franchisee performance. Conversely, a low number of terminations might suggest a stable and well-supported franchise system within the state.
Prospective franchisees should further investigate the reasons behind these terminations to fully understand the risks and opportunities associated with opening a Chem Dry franchise in Tennessee. Understanding the causes of past terminations can help new franchisees avoid similar pitfalls and make informed decisions.