How many Dryer Vent Squad outlets opened in Arizona during 2023?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations for Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Arizona | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 3 | 0 | 0 | 0 | 0 | 4 |
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 3 new Dryer Vent Squad outlets opened in Arizona during 2023. The table provided in Item 20 of the FDD details the number of outlets opened, terminated, and closed for each state over the past three years. This information is crucial for potential franchisees to understand the growth and stability of the franchise system in specific geographic areas.
Specifically, the table shows that Arizona had 1 outlet at the start of 2023 and ended the year with 4 outlets. This increase of 3 outlets indicates a positive expansion of the Dryer Vent Squad business within the state during that year. A prospective franchisee might want to investigate where in Arizona these new locations were established to assess market saturation and potential for further growth.
Reviewing the history of outlet openings and closures in a specific state provides valuable insight into the brand's performance and market penetration. While past performance is not indicative of future results, it can help a franchisee evaluate the potential risks and opportunities associated with investing in a Dryer Vent Squad franchise in a particular area. This data, combined with other market research, can inform a franchisee's decision-making process and business plan.