table_specific

How many Dryer Vent Squad outlets were operating in Indiana at the start of 2023?

Dryer_Vent_Squad Franchise · 2024 FDD

Answer from 2024 FDD Document

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 Year
Alabama 2

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 zero Dryer Vent Squad outlets operating in Indiana at the start of 2023. The provided table in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for various states.

Specifically, for Indiana, the table shows that in 2021 there were zero outlets at the start of the year, zero outlets opened, and zero outlets at the end of the year. The same was true for 2022, with zero outlets at the start and end of the year. In 2023, one outlet opened, resulting in one outlet at the end of the year.

This indicates that Dryer Vent Squad had no presence in Indiana until 2023, when one franchise location was established. Prospective franchisees should note the growth trajectory in specific states, as this can provide insights into market penetration and brand recognition in those areas. Reviewing this data can help potential franchisees assess the opportunities and challenges of establishing a Dryer Vent Squad franchise in a particular state.

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.