In which states did Dryer Vent Squad open more than one outlet in 2021?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
2022 | 0 | | | 2023 | 0 | [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
TABLE NO. 3 STATUS OF FRANCHISED OWNED OUTLETS FOR YEARS 2019 to 2021
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations for Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
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, several states saw the opening of more than one outlet in 2021. Specifically, Florida and Georgia each had two new outlets open. Ohio also saw the addition of two new Dryer Vent Squad locations. Texas led the way with five new locations opening, and Tennessee added four new locations.
These figures provide insight into Dryer Vent Squad's expansion strategy and market penetration in different regions. A prospective franchisee might consider these locations as potentially strong markets or areas where the brand is actively developing its presence. Reviewing the performance of these new outlets could offer valuable insights.
It's important to note that while these numbers indicate growth, they don't reflect the entire picture. Factors such as terminations, non-renewals, and closures also play a role in the overall health of the franchise system. Further due diligence, including speaking with existing franchisees and analyzing market conditions, is essential for making an informed investment decision.