What was the total number of Dryer Vent Squad outlets at the end of 2021?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
state regulatory agencies.
ITEM 20 OUTLETS AND FRANCHISEE INFORMATION
TABLE NO. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 20219 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|
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, at the end of 2021, there were a total of 31 franchise outlets and 1 company-owned outlet, bringing the total to 31 outlets. This represents a net increase of 18 franchise outlets and 1 company-owned outlet during that year.
Specifically, the data shows that Dryer Vent Squad started 2021 with 13 franchise outlets and ended the year with 31. The number of company-owned outlets increased from 0 to 1 during 2021. This growth reflects the expansion of the Dryer Vent Squad system through franchising and the addition of a single company-owned operation.
For a prospective franchisee, this indicates a period of growth for Dryer Vent Squad in 2021. The increase in both franchise and company-owned outlets suggests a positive trend in the brand's expansion and market presence. Reviewing the growth patterns in subsequent years, as well as the reasons for outlet changes, would provide a more comprehensive understanding of the brand's stability and expansion strategy.