How many Dryer Vent Squad outlets in Louisiana were reacquired by the franchisor in 2021?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
| | 2023 | 0 | |---|---|---| | Total | 2021 | 3 | | | 2022 | 0 | | | 2023 | 0 | [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
TABLE NO. 3 STATUS OF FRANCHISED OWNED OUTLETS FOR YEARS 2019 to 2021
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations for Other Reasons | Outlets at End of Y
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, there were no reacquired franchises in Louisiana during 2021. The table provided in Item 20 of the FDD details outlet information, including the number of outlets reacquired by the franchisor.
Specifically, for Louisiana in 2021, the table shows that there were zero franchises reacquired by Dryer Vent Squad. This means that none of the franchise locations in Louisiana were taken back by the company during that year.
This information is relevant for potential franchisees as it provides insight into the stability and performance of existing franchise locations. A high number of reacquired franchises could indicate potential issues with franchise profitability or franchisee compliance, while a low number, as in this case, suggests a more stable franchise system.