How many Dryer Vent Squad businesses do the Represented Franchise Owners collectively own?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
We have presented 2023 financial information from 21 franchisees (the "Represented Franchise Owners") who collectively own 32 Dryer Vent Squad Businesses (the "Represented Franchises"), who have owned their businesses at least one (1) year as of December 31, 2023, and operated those franchises throughout all of 2023. We excluded 14 territories from this Item 19 that did not meet the criteria.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–47)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the financial performance representation includes data from 21 franchisees, referred to as the "Represented Franchise Owners." These 21 franchisees collectively owned a total of 32 Dryer Vent Squad businesses, which are called the "Represented Franchises."
To be included in this financial performance representation, Dryer Vent Squad required that the franchisees owned their businesses for at least one year as of December 31, 2023, and that they operated those franchises throughout all of 2023. The FDD excludes 14 territories from this Item 19 because they did not meet these criteria.
The Represented Franchise Owners had been in business for an average of 1.5 years, operating in diverse areas (urban, suburban, and rural) across the U.S. While some operated part-time, all offered the same products and services that new Dryer Vent Squad franchisees are authorized to sell. This suggests that the financial data presented is based on a relatively consistent operational model across different locations and business approaches.