How many Dryer Vent Squad outlets were operating in Tennessee at the end of 2022?
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 Dryer Vent Squad's 2024 Franchise Disclosure Document, there were 2 outlets operating in Tennessee at the end of 2022. At the start of 2022, there were 3 outlets. During 2022, no new outlets opened, one outlet was reacquired by the franchisor, and no outlets closed. This resulted in 2 outlets at the end of the year.
It is important to note the changes in outlet numbers, as this can reflect the stability and growth of the Dryer Vent Squad franchise within specific regions. A decrease in the number of outlets, as seen in Tennessee during 2022, could indicate challenges or market-specific issues that prospective franchisees should investigate.
For a potential Dryer Vent Squad franchisee, this information highlights the importance of researching the specific market conditions in their desired territory. Understanding why an outlet was reacquired by the franchisor in Tennessee during 2022 could provide valuable insights into potential challenges and opportunities in that state. Reviewing the performance and history of existing outlets is a crucial step in the due diligence process before investing in a franchise.