What was the number of Chem Dry outlets operating in New Mexico 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 8 Chem Dry outlets operating in New Mexico 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 year-by-year breakdown of outlet activity in each state.
Specifically, for New Mexico, the table shows the progression of Chem Dry outlets over the three-year period. In 2021, there were 12 outlets at the start of the year, with no changes occurring, leaving 12 outlets at the end of the year. In 2022, the number remained at 12 at the start of the year, but 2 closures and 1 termination resulted in 9 outlets by year's end. By 2023, there were 9 outlets at the beginning of the year, with 1 closure, resulting in 8 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the brand's presence and performance in a specific geographic area. The changes in outlet numbers—openings, closures, terminations, and transfers—can indicate the stability and growth potential of the franchise in that state. Reviewing these trends helps prospective franchisees assess the risks and opportunities associated with investing in a Chem Dry franchise in New Mexico.