How many Dryer Vent Squad outlets were operating in Texas 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 4 operating Dryer Vent Squad outlets in Texas at the end of 2022. The table in Item 20 provides a breakdown of outlet activity by state and year, showing the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold, ultimately detailing the number of outlets at the end of the year.
Specifically for Texas in 2022, the table indicates that there were 5 outlets at the start of the year. During 2022, no additional outlets were opened, but one outlet was reacquired by the franchisor. No outlets were closed or sold to a franchisee. This activity resulted in a total of 4 outlets operating in Texas at the end of 2022.
Prospective franchisees can use this information to understand the historical growth and changes in the number of Dryer Vent Squad locations in specific states. This data can be helpful in assessing market saturation and potential opportunities for new franchise locations. It's important to note that past performance does not guarantee future results, but this information provides valuable context for evaluating the franchise opportunity.