What was the net change in the total number of Dryer Vent Squad outlets during 2023?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 13 | 31 | +18 |
| 2022 | ||||
| 2023 | ||||
| 31 | 28 | -3 | ||
| 28 | 46 | +18 | ||
| Company Owned | 2021 | 0 | 1 | +1 |
| 2022 | ||||
| 2023 | ||||
| 1 | 1 | 0 | ||
| 0 | 0 | 0 | ||
| Total Outlets | 2021 | 13 | 31 | +18 |
| 2022 | 31 | 28 | -3 | |
| 2023 | 28 | 46 | +18 |
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, the net change in the total number of outlets during 2023 was +18. This means that the total number of Dryer Vent Squad outlets increased by 18 during that year. At the start of 2023, there were 28 total outlets, and by the end of the year, this number had grown to 46.
Specifically, this growth is attributed to franchised outlets. The number of company-owned Dryer Vent Squad outlets remained stable during 2023. There was a net change of +18 franchised outlets, with the number increasing from 28 to 46.
For a prospective franchisee, this indicates a period of growth for Dryer Vent Squad. It's important to investigate further to understand the reasons behind this growth and whether it is sustainable. Understanding the factors that contributed to this net increase can help a franchisee assess the potential for future growth and success within the Dryer Vent Squad system.