How many Chem Dry 'Other US Territories' outlets were open at the beginning of 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 0 | |
|---|---|---|
| 2023 | 4 | |
| Texas | 2021 | 3 |
| 2022 | 3 | |
| 2023 | 0 | |
| Utah | 2021 | 10 |
| 2022 | 0 | |
| 2023 | 0 | |
| Virginia | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 5 | |
| Washington | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| W. Virginia | 2021 | 2 |
| 2022 | 0 | |
| 2023 | 0 | |
| Wyoming | 2021 | 3 |
| 2022 | 0 | |
| 2023 | 3 | |
| Canada | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 1 | |
| TOTALS | 2021 | 34 |
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 Chem Dry outlets open in 'Other US Territories' at the start of 2023.
This information is based on the 'Systemwide Outlet Summary' table, which provides a breakdown of outlet activity from 2021 through 2023. The table includes specific data for 'Other US Territories,' detailing the number of outlets at the start of each year, outlets opened, terminations, non-renewals, reacquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this data indicates that Chem Dry has not established a presence in 'Other US Territories' as of the end of 2023. This could represent an untapped market opportunity, but it also means there is no existing operational history to review within those territories. A potential franchisee should carefully consider the unique challenges and opportunities associated with entering a new market where the brand has no established footprint.
It would be prudent for a prospective Chem Dry franchisee to discuss with the franchisor their strategic plans for expansion into 'Other US Territories,' including any market research, marketing strategies, or operational support that would be provided. Understanding the franchisor's vision and commitment to these territories is essential for making an informed investment decision.