What was the total number of Chem Dry outlets operating in Minnesota at the end of 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
|---|---|---|---|---|---|---|---|---|
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Maryland | 2021 | 54 | 2 | 9 | 0 | 0 | 0 | 47 |
| 2022 | 47 | 5 | 15 | 2 | 0 | 1 | 34 | |
| 2023 | 34 | 0 | 1 | 4 | 0 | 0 | 28 | |
| Massachusetts | 2021 | 29 | 0 | 0 | 1 | 0 | 0 | 28 |
| 2022 | 28 | 0 | 1 | 0 | 0 | 0 | 27 | |
| 2023 | 27 | 0 | 0 | 0 | 0 | 0 | 27 | |
| Michigan | 2021 | 39 | 3 | 2 | 2 | 0 | 3 | 35 |
| 2022 | 35 | 2 | 3 | 3 | 0 | 0 | 31 | |
| 2023 | 31 | 0 | 0 | 0 | 0 | 0 | 31 | |
| Minnesota | 2021 | 38 | 1 | 5 | 1 | 0 | 0 | 33 |
| 2022 | 33 | 0 | 3 | 1 | 0 | 0 | 29 | |
| 2023 | 29 | 0 | 0 | 1 | 0 | 0 | 28 | |
| Mississippi | 2021 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Missouri | 2021 | 26 | 1 | 0 | 2 | 0 | 0 | 25 |
| 2022 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | |
| 2023 | 25 | 2 | 0 | 0 | 0 | 1 | 26 | |
| Montana | 2021 | 25 | 0 | 0 | 0 | 0 | 0 | 25 |
| 2022 | 25 | 0 | 16 | 2 | 0 | 1 | 6 | |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Nebraska | 2021 | 15 | 0 | 0 | 2 | 0 | 0 | 13 |
| 2022 | 13 | 0 | 1 | 1 | 0 | 0 | 11 | |
| 2023 | 11 | 0 | 1 | 0 | 0 | 0 | 10 | |
| Nevada | 2021 | 15 | 0 | 4 | 0 | 0 | 0 | 11 |
| 2022 | 11 | 0 | 3 | 1 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 1 | 3 | 0 | 0 | 3 | |
| New Hampshire | 2021 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2022 | 4 | 0 | 2 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| New Jersey | 2021 | 35 | 5 | 0 | 0 | 0 | 0 | 40 |
| 2022 | 40 | 2 | 14 | 0 | 0 | 0 | 28 | |
| 2023 | 28 | 1 | 0 | 2 | 0 | 2 | 24 | |
| New Mexico | 2021 | 12 | 0 | 0 | 0 | 0 | 0 | 12 |
| 2022 | 12 | 0 | 2 | 1 | 0 | 0 | 9 | |
| 2023 | 9 | 0 | 1 | 0 | 0 | 0 | 8 | |
| New York | 2021 | 67 | 2 | 18 | 2 | 0 | 0 | 49 |
| 2022 | 49 | 2 | 5 | 2 | 0 | 0 | 44 | |
| 2023 | 44 | 0 | 1 | 2 | 0 | 0 | 41 | |
| North Carolina | 2021 | 68 | 2 | 0 | 3 | 0 | 0 | 67 |
| 2022 | 67 | 0 | 8 | 0 | 0 | 3 | 56 | |
| 2023 | 56 | 0 | 4 | 3 | 0 | 0 | 49 | |
| North Dakota | 2021 | 4 | 0 | 1 | 1 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
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 2023, there were 28 Chem Dry outlets operating in Minnesota. The table provided in Item 20 of the FDD details the systemwide outlet summary for the years 2021 through 2023, broken down by state. This table includes information on outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For Minnesota, the number of Chem Dry outlets has decreased over the three-year period. In 2021, there were 38 outlets at the start of the year, with 1 opening and 5 terminations, resulting in 33 outlets at the end of the year. In 2022, there were 33 outlets at the start of the year, with no openings and 3 terminations, resulting in 29 outlets at the end of the year. By 2023, there were 29 outlets at the start of the year, with no openings and 1 termination, leaving 28 outlets at the end of the year.
Prospective franchisees should note this downward trend in Minnesota outlets. While the numbers provide a snapshot in time, further investigation into the reasons for terminations and non-renewals could be beneficial. Understanding the local market dynamics and the factors influencing outlet performance in Minnesota will be crucial for any potential Chem Dry franchisee.