What was the total number of Dryer Vent Squad outlets at the start of 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, at the start of 2023, there were a total of 28 outlets. This number is derived from the sum of franchised and company-owned outlets.
The FDD provides a breakdown of outlet information, including the number of franchised and company-owned outlets at the beginning and end of each year. This information is crucial for potential franchisees as it offers insights into the growth and changes within the Dryer Vent Squad system over the past three years.
Specifically, the table shows that at the beginning of 2023, there were 28 franchised outlets and 0 company-owned outlets. This data helps prospective franchisees understand the composition of the Dryer Vent Squad system and the relative importance of franchised versus company-owned operations. Reviewing this historical data allows potential franchisees to assess the stability and growth trajectory of the franchise system.