How many Chem Dry outlets in total were open at the beginning of 2021?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 1770 | 1692 | -78 | |
| Franchised | 2022 | 1692 | 1437 | -255 |
| 2023 | 1437 | 1284 | -153 | |
| 2021 | 0 | 0 | 0 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| Total Outlets | 2021 | 1770 | 1692 | -78 |
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 1,770 total Chem Dry outlets open at the start of 2021. This number includes both franchised and company-owned locations.
Specifically, the FDD indicates that 1,770 were franchised and 0 were company owned. By the end of 2021, the total number of Chem Dry outlets decreased to 1,692, with 1,692 franchised and 0 company owned, representing a net decrease of 78 outlets during the year.
This information is valuable for potential franchisees as it provides a snapshot of the brand's footprint at the beginning of 2021 and its change throughout the year. Reviewing this data over several years, as presented in the FDD, can reveal trends in the growth or contraction of the franchise system, which can inform an investment decision.