How many Chem Dry outlets in Utah were operating at the end of 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 |
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 24 Chem Dry outlets operating in Utah at the end of 2023. The provided table in Item 20 outlines the systemwide outlet summary for the years 2021-2023, detailing the changes in outlet numbers for each state.
Specifically for Utah, the table shows the progression of Chem Dry outlets over the three-year period. In 2021, there were 26 outlets at the start of the year, with 1 outlet opening, resulting in 27 outlets by year-end. In 2022, there were 27 outlets at the start of the year, with 1 termination, leaving 26 outlets at the end of the year. Finally, in 2023, there were 26 outlets at the beginning of the year, with 1 termination and 1 non-renewal, resulting in 24 outlets at the end of the year.
This information is valuable for potential Chem Dry franchisees in Utah as it provides insight into the brand's presence and stability in the state. The decrease in outlets from 2021 to 2023 could indicate market saturation, franchisee challenges, or other factors that prospective franchisees should investigate further. Understanding these trends can help franchisees make informed decisions about their investment and business strategy in the Utah market.