How many Dryer Vent Squad territories were excluded from Item 19 and why?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
We have presented 2023 financial information from 21 franchisees (the "Represented Franchise Owners") who collectively own 32 Dryer Vent Squad Businesses (the "Represented Franchises"), who have owned their businesses at least one (1) year as of December 31, 2023, and operated those franchises throughout all of 2023. We excluded 14 territories from this Item 19 that did not meet the criteria.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–47)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, Item 19 includes financial information from 21 franchisees who collectively own 32 Dryer Vent Squad businesses. These franchisees had to own their businesses for at least one year as of December 31, 2023, and operate them throughout 2023 to be included in the financial performance representation.
The document states that 14 territories were excluded from Item 19 because they did not meet the specified criteria. The Represented Franchise Owners have been in business for an average of 1.5 years and operate in diverse areas, including urban, suburban, and rural locations throughout the U.S.
This exclusion means that prospective franchisees should be aware that the financial performance data presented in Item 19 is based on a specific subset of Dryer Vent Squad franchises that met particular operational and longevity criteria. It is important for potential franchisees to understand the criteria used for inclusion and exclusion, as their own performance may vary depending on factors such as location, operational strategies, and time in business. Further due diligence, including speaking with existing franchisees and conducting market research, is essential to assess the potential financial performance of a Dryer Vent Squad franchise.