What was the number of Chem Dry outlets operating in North Carolina at the end of 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2 | |
|---|---|---|
| 2023 | 2 | |
| Maryland | 2021 | 54 |
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 2 Chem Dry outlets operating in North Carolina at the end of 2023. The FDD provides a detailed breakdown of outlet activity by state, including the number of outlets at the start of the year, openings, closures, and the resulting number of outlets at the end of the year. This information is useful for prospective franchisees to understand the brand's presence and performance in specific geographic areas.
Specifically, the table in Item 20 of the FDD outlines the systemwide outlet summary for the years 2021-2023. For North Carolina, the table shows the progression of Chem Dry outlets over these three years. In 2021, there were no Chem Dry outlets at the start of the year. By 2022, this number increased to 2, and remained at 2 through the end of 2023.
This level of detail allows potential franchisees to assess the stability and growth of the Chem Dry franchise in North Carolina. It is important to note that these figures represent the number of outlets, and do not reflect the financial performance or success of individual franchise locations. Reviewing this data in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations), can provide a more comprehensive understanding of the Chem Dry franchise opportunity.