What was Chem Dry's net revenue for the year ended December 31, 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| Years Ended December 31, 2023, 2022, and 2021 | ||||
|---|---|---|---|---|
| 2023 | 2022 | 2021 | ||
| Net Revenue | $31,072 $ 33,483 | $ 36,232 |
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the company's net revenue for the year ended December 31, 2022, was $33,483,000. This figure is part of the consolidated statement of operations, which also includes net revenue figures for the years 2023 and 2021 for comparison. Note that all values are listed with thousands omitted.
For a prospective Chem Dry franchisee, this revenue information provides insight into the brand's overall financial performance. Reviewing revenue trends over the three-year period can help potential franchisees understand the stability and growth trajectory of Chem Dry. It's important to consider this figure in conjunction with other financial data, such as cost of revenue, operating expenses, and net income, to get a comprehensive view of the company's financial health.
It is also important to note that this net revenue reflects the performance of the overall company, not necessarily the revenue of an individual franchise location. A prospective franchisee should inquire about the typical or average revenue of franchise locations to better understand their potential earnings. Additionally, factors such as location, market conditions, and the franchisee's management skills will significantly impact the actual revenue of a Chem Dry franchise.