What was the net change in the number of Chem Dry outlets in Washington during 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
numbers and reducing District of Columbia numbers.
TABLE 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS – 2021 – 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Totals | 2021 | 0 | 0 | 0 | 0 |
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, Washington state saw a decrease of 7 Chem Dry outlets during 2023. At the start of 2023, there were 68 outlets, which decreased to 56 by the end of the year. This net change reflects the dynamic nature of franchise systems, where openings and closures can impact state-level presence.
For a prospective Chem Dry franchisee in Washington, this data indicates a contracting market within the state. While not necessarily negative, it suggests the importance of understanding the local market dynamics and competitive landscape. Factors contributing to this net decrease could include closures due to performance, non-renewals, or transfers to new owners.
It is important for potential franchisees to investigate the reasons behind this decrease. Speaking with current and former franchisees in Washington, as well as conducting thorough market research, can provide valuable insights. Understanding the specific challenges and opportunities in the Washington market is crucial for making an informed investment decision with Chem Dry.