How many Dryer Vent Squad outlets were operating in Ohio at the end of 2023?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
2 | 31 | 0 | 3 | 0 | 0 | 0 | 28 | | | 2023 | 28 | 27 | 9 | 0 | 0 | 0 | 46 |
TABLE NO. 4 STATUS OF COMPANY OWNED OUTLETS FOR YEARS 2021 to 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired by Franchisor | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of Year |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–50)
What This Means (2024 FDD)
According to the 2024 Dryer Vent Squad Franchise Disclosure Document, there were 2 Dryer Vent Squad outlets operating in Ohio at the end of 2023. The table provided in Item 20 of the FDD details the outlet information for 2021, 2022 and 2023.
Specifically for Ohio, the table shows that in 2021, there were 0 outlets at the start of the year, 2 outlets were opened, and 2 outlets were operating at the end of the year. In 2022, there were 2 outlets at the start of the year, no outlets were opened, and 2 outlets were operating at the end of the year. In 2023, there were 2 outlets at the start of the year, 1 outlet was opened, 1 outlet was reacquired by the franchisor, and 2 outlets were operating at the end of the year.
Prospective franchisees can use this information to understand the historical growth and presence of Dryer Vent Squad in Ohio. It's important to note that while one new outlet was opened in 2023, one was also reacquired by the franchisor, resulting in no net change in the number of operating outlets from 2022 to 2023. This could be a point of discussion with the franchisor to understand the reasons behind the reacquisition and its potential impact on franchisees.