What is the average revenue per Chem Dry franchise across all franchises represented in the table?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Group Ranked by Average Revenue | Numb er of Owne rs | Number of Franchi ses | Average Franchises/O wner | Average Revenue/O wner | Median Revenue/O wner | Average Revenue/Fran chise | Median Revenue/Fran chise |
|---|---|---|---|---|---|---|---|
| Top 10% | 25 | 141 | 5.6 | $ 1,030,995 | $ 903,593 | $ 182,801 | $ 173,614 |
| 1st | 62 | 292 | 4.7 | $ 736,831 | $ 641,881 | $ 156,450 | $ 173,538 |
| Quartile | |||||||
| 2nd | 62 | 163 | 2.6 | $ 288,025 | $ 285,552 | $ 109,556 | $ 118,635 |
| Quartile | |||||||
| 3rd | 61 | 137 | 2.2 | $ 169,612 | $ 163,224 | $ 75,521 | $ 83,408 |
| Quartile | |||||||
| 4th | 61 | 114 | 1.9 | $ 102,782 | $ 105,775 | $ 54,997 | $ 59,922 |
| Quartile | |||||||
| Bottom | 25 | 43 | 1.7 | $ 85,438 | $ 86,602 | $ 49,673 | $ 46,387 |
| 10% | |||||||
| Total | 246 | 706 | 2.9 | $ 325,842 | $ 216,261 | $ 113,537 | $ 100,034 |
| Group Ranke d by Averag e Reven ue | Numb er of Owne rs | Number of Franchi ses | Average Franchises/O wner | Average Revenue/Ow ner | Median Revenue/Ow ner | Average Revenue/Franc hise | Median Revenue/Franc hise |
| ------------------------------------------------------ | ----------------------------- | -------------------------------- | --------------------------------- | ------------------------------ | ----------------------------- | ---------------------------------- | --------------------------------- |
| 1 | 61 | 61 | 1.0 | $ 204,975 | $159,984 | $ 204,975 | $ 159,984 |
| 2 | 84 | 168 | 2.0 | $ 236,474 | $167,874 | $ 118,237 | $ 83,937 |
| 3 or | 101 | 477 | 4.7 | $ 473,167 | $361,695 | $ 100,188 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 55–59)
What This Means (2024 FDD)
According to Chem-Dry's 2024 Franchise Disclosure Document, the average revenue per franchise for all franchises represented in the table is $113,537. This figure is based on data collected from 246 franchise owners operating 706 Chem-Dry franchises who used Chem-Dry's Customer Management Software and operated their businesses for at least one year as of January 1, 2023, and throughout 2023. It's important to note that Chem-Dry removed data from franchisees earning less than $75,000 per year due to part-time or semi-retired operation.
This average revenue per franchise is calculated by dividing the total annual revenue reported by the Responding Franchise Owners by the total number of Responding Franchises. The FDD also provides a median revenue per franchise of $100,034, which represents the median of the total annual revenue reported by the Responding Franchise Owners. These figures offer a general overview of financial performance, but prospective franchisees should recognize that their individual results may vary.
Several factors can impact a franchise owner's revenue, including their operational capabilities, pricing strategies, local market competition, and ability to sell additional products and services. The financial performance representation does not report other variable costs or fixed operating expenses, or other costs or expenses that must be deducted from the revenue figures to obtain net income or profit. Chem-Dry will provide written substantiation for the data used to prepare this financial performance representation upon reasonable request.