What was the total number of Chem Dry outlets in Arizona at the end of 2021?
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, at the end of 2021, there were 40 Chem Dry outlets in Arizona. During 2021, 4 new Chem Dry outlets opened in Arizona, while 2 were terminated and 2 were non-renewals. The number of outlets at the start of the year was 40, and the number of outlets at the end of the year remained at 40.
For a prospective franchisee, this data indicates the stability of Chem Dry franchises in Arizona during 2021. Despite some terminations and non-renewals, the total number of outlets remained constant, suggesting a balanced market presence. This could be seen as a positive sign, indicating that while there are exits from the system, new franchises are being established to maintain the overall network size.
However, it's important to consider the reasons behind the terminations and non-renewals. A potential franchisee should investigate further to understand why these closures occurred. Understanding the local market dynamics, competition, and franchisee support provided by Chem Dry in Arizona would be crucial in assessing the long-term viability of a franchise in that state.
Overall, the data provides a snapshot of Chem Dry's presence in Arizona during 2021, highlighting both growth and attrition. A balanced view, considering both the openings and closures, is essential for making an informed investment decision.