What was the total number of Chem Dry outlets at the start of 2023?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 1770 | 1692 | -78 | |
| Franchised | 2022 | 1692 | 1437 | -255 |
| 2023 | 1437 | 1284 | -153 | |
| 2021 | 0 | 0 | 0 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| Total Outlets | 2021 | 1770 | 1692 | -78 |
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 start of 2023, there were 1,437 Chem Dry franchise outlets and zero company-owned outlets, for a total of 1,437 outlets. This number reflects the total number of Chem Dry franchises operating at the beginning of that year.
It is important to note that this number can fluctuate due to various factors, including new franchise openings, terminations, non-renewals, and transfers. Reviewing the trends in outlet numbers over the past few years, as presented in the FDD, can provide insights into the stability and growth of the Chem Dry franchise system.
Prospective franchisees should consider these figures in conjunction with other information in the FDD, such as the number of terminations and non-renewals, to assess the overall health and attractiveness of the Chem Dry franchise opportunity. Understanding the dynamics of outlet growth and attrition can help in making an informed investment decision.