What was the total combined cost of raw materials and finished goods for Chem Dry in 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Raw materials | $1,797 | $2,000 | $1,156 |
| Finished goods | 3,886 | 2,393 | 1,715 |
| Total | $5,683 | $4,393 | $2,871 |
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
According to Chem Dry's 2024 Franchise Disclosure Document, the combined cost of raw materials and finished goods in 2023 was $5,683. This figure represents the total expenses Chem Dry incurred for both the raw materials used in their products and the finished goods they sold during that year.
For a prospective franchisee, understanding these costs is crucial for assessing the overall financial health and operational efficiency of Chem Dry. By examining these figures, potential franchisees can gain insights into the cost structure associated with running a Chem Dry franchise. This information is essential for developing realistic financial projections and business plans.
It's also important to note the trends in these costs over the three years presented (2021-2023). Raw material costs were $1,797 in 2023, $2,000 in 2022, and $1,156 in 2021. Finished goods were $3,886 in 2023, $2,393 in 2022, and $1,715 in 2021. Reviewing these trends can help a franchisee understand how costs have changed and may change in the future. This can help in planning and budgeting for their own franchise.
While the FDD provides these figures, it's advisable for potential franchisees to further investigate the factors influencing these costs. Understanding the specific raw materials and finished goods included in these categories, as well as the suppliers and market conditions affecting their prices, can provide a more comprehensive understanding of the financial dynamics of a Chem Dry franchise.