How many Chem Dry outlets in total ceased operations for any reason during 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 1 | 0 | 0 | 0 | 31 |
| 2022 | 31 | 0 | 4 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 1 | 4 | 1 | 0 | 0 | 23 | |
| Alaska | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Arizona | 2021 | 40 | 4 | 2 | 2 | 0 | 0 | 40 |
| 2022 | 40 | 1 | 7 | 1 | 0 | 1 | 32 | |
| 2023 | 32 | 0 | 3 | 2 | 0 | 0 | 27 | |
| Arkansas | 2021 | 6 | 3 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 1 | 0 | 0 | 0 | 0 | 10 |
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, a total of 61 Chem Dry outlets ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2022. This is based on the systemwide outlet summary provided in Item 20 of the FDD, which covers the years 2021 to 2023.
The FDD provides a detailed breakdown of outlet activity across various states and territories. For example, in Alabama, none ceased operations for other reasons in 2022. In Arizona, 1 location ceased operations for other reasons in 2022.
This information is crucial for potential franchisees as it offers insight into the stability and performance of Chem Dry franchises. A high number of closures for 'other reasons' might warrant further investigation into the factors causing these closures, such as market conditions or franchisee issues. Reviewing these figures over the three-year period can reveal trends and potential areas of concern for prospective franchisees.