table_specific

How many company-owned Dryer Vent Squad outlets were operating at the end of 2021?

Dryer_Vent_Squad Franchise · 2024 FDD

Answer from 2024 FDD Document

state regulatory agencies.

ITEM 20 OUTLETS AND FRANCHISEE INFORMATION

TABLE NO. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 20219 to 2023

Outlet Type Year Outlets at the Start of the Year Outlets at the End of the Year Net Change

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–50)

What This Means (2024 FDD)

According to Dryer Vent Squad's 2024 Franchise Disclosure Document, at the end of 2021, there was one company-owned Dryer Vent Squad outlet. At the start of 2021, there were no company-owned outlets, but one was opened during the year, resulting in a total of one company-owned outlet by the end of the year.

Specifically, this single company-owned outlet was located in New York. This indicates that Dryer Vent Squad primarily focuses on franchising as its main method of expansion, with limited involvement in direct company operations.

For a prospective franchisee, this information suggests that Dryer Vent Squad's business model is heavily reliant on its franchisees. This could mean that franchisees receive more support and attention, as the franchisor's revenue and growth are closely tied to the success of its franchisees. However, it also means that the franchisee's success is dependent on the franchisor's ability to effectively manage and support a franchise network rather than relying on company-owned locations to drive revenue and brand recognition.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.