In Michigan, how many Chem Dry outlets were reacquired by the franchisor during 2021?
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 | 0 | 1 | 0 | 0 | 0 | 31 |
| 2022 | 31 | 0 | 4 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 1 | 4 | 1 | 0 | 0 | 23 |
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 outlets reacquired by the franchisor in Michigan during 2021. The provided table in Item 20 of the FDD details the systemwide outlet summary for the years 2021 through 2023, listing several data points regarding outlet activity by state. For Michigan in 2021, the table shows 39 outlets at the start of the year, 3 outlets opened, 2 terminations, 2 non-renewals, 0 reacquired by the franchisor, 3 ceased operations for other reasons, and 35 outlets at the end of the year.
This data point is important for prospective franchisees as it can indicate the stability and performance of existing Chem Dry franchises in Michigan. A high number of reacquired franchises could suggest potential issues with franchisee success or support. The absence of reacquired franchises in 2021 might be viewed positively, suggesting a stable franchise network in the state during that year.
However, it is important to consider this data in conjunction with other factors, such as terminations and non-renewals, to get a comprehensive understanding of franchise performance. Additionally, prospective franchisees should investigate the reasons behind terminations or non-renewals to assess any potential risks or challenges associated with operating a Chem Dry franchise in Michigan. This information can provide valuable insights into the overall health and sustainability of the Chem Dry franchise system in the region.