What was the number of Chem Dry outlets operating in Montana at the end of 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 |
|---|---|---|---|---|---|---|---|---|
| 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 6 Chem Dry outlets operating in Montana at the end of 2023. The table provided in Item 20 of the FDD details the systemwide outlet summary for the years 2021 through 2023, offering a clear view of outlet changes across different states. This includes the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquisitions by the franchisor, ceased operations for other reasons, and the resulting number of outlets at the end of the year.
Specifically for Montana, the data shows that in 2021, there were 25 outlets at the start of the year, with no changes occurring, leaving 25 outlets at the end of the year. In 2022, the number remained at 25 at the start of the year, but due to 16 terminations, 2 non-renewals, and 1 outlet ceasing operations for other reasons, the year concluded with only 6 outlets. In 2023, there were 6 outlets at the beginning of the year and no changes occurred during the year, so the year ended with 6 outlets.
This detailed breakdown is crucial for prospective franchisees as it provides insight into the stability and changes within the Chem Dry franchise network in specific states. Monitoring these trends can help potential franchisees assess the risks and opportunities associated with investing in a Chem Dry franchise in a particular area. Understanding the reasons behind outlet terminations or non-renewals, where possible, can further inform their decision-making process.