What was the net change in the number of Chem Dry outlets in Texas during 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 |
|---|
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, the number of Chem Dry outlets in Texas experienced a net decrease of 15 during 2023. At the start of 2023, there were 106 outlets, and by the end of the year, the number decreased to 91. This change reflects the dynamics of the franchise network within Texas, considering factors such as openings, closures, and transfers.
Specifically, in 2023, Texas saw 2 outlets opened, 12 terminations, and 5 closures. These figures provide a detailed view of the movement within the Chem Dry franchise system in Texas.
Prospective franchisees should consider these trends when evaluating the Texas market. Understanding the reasons behind terminations and closures, as well as the rate of new openings, can offer valuable insights into the health and stability of the Chem Dry franchise in the region.