table_specific

How many Dryer Vent Squad outlets were operating in Tennessee at the end of 2021?

Dryer_Vent_Squad Franchise · 2024 FDD

Answer 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
New Yor

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 outlets operating in Tennessee at the end of 2021. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, the number of outlets opened, outlets reacquired by the franchisor, outlets closed, outlets sold to franchisee and the number of outlets at the end of the year for each state.

For Tennessee in 2021, the table shows 0 outlets at the start of the year, 4 outlets opened, 0 outlets reacquired by the franchisor, 0 outlets closed, 0 outlets sold to franchisee and 3 outlets at the end of the year. This indicates that while 4 new Dryer Vent Squad locations opened in Tennessee during 2021, one location ceased operations for other reasons, resulting in a total of 3 operating locations by the end of the year.

Prospective franchisees should note that the number of outlets can fluctuate due to various reasons, including new openings, closures, and transfers. Reviewing the historical data in Item 20 provides insights into the stability and growth of the franchise system in specific states. It's also important to consider the reasons behind any closures or transfers to assess the overall health of the franchise in a particular region.

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.