What was the total number of Chem Dry outlets operating in 2022?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
|---|---|---|---|---|---|---|---|---|
| Other US | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Territories | ||||||||
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Canada | 2021 | 61 | 4 | 3 | 2 | 0 | 0 | 60 |
| 2022 | 60 | 2 | 11 | 2 | 0 | 0 | 49 | |
| 2023 | 49 | 2 | 4 | 3 | 0 | 0 | 44 | |
| TOTALS | 2021 | 1831 | 87 | 98 | 57 | 0 | 11 | 1752 |
| 2022 | 1752 | 56 | 228 | 82 | 0 | 61 | 1437 | |
| 2023 | 1437 | 25 | 99 | 70 | 0 | 9 | 1284 |
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 a total of 1,752 Chem Dry outlets operating in 2022. This number reflects the total systemwide outlets, encompassing all franchised and company-owned locations.
This figure is important for potential franchisees as it provides a snapshot of the brand's overall presence and market penetration during that year. A larger number of outlets can suggest a more established brand with greater customer recognition, but it's also crucial to consider the net change in outlets to understand the brand's growth trajectory.
It is also important to note that the number of outlets at the start of 2022 was 1,692 and the number of outlets at the end of the year was 1,437. This indicates that 56 outlets opened, 228 closed, 82 were reacquired, and 61 were sold to franchisees. This resulted in a net decrease of 255 franchised outlets during 2022. This information is valuable for prospective franchisees to understand the dynamics of outlet openings, closures, and transfers within the Chem Dry system.