What is the average revenue per owner for Chem Dry franchisees in the bottom 10%?

According to Chem-Dry's 2024 Franchise Disclosure Document, the average revenue per owner for those in the bottom 10% is $85,438. This data is based on a report generated in January 2024, which included financial information from 246 franchise owners operating 706 Chem-Dry franchises who used Chem-Dry's Customer Management Software and had been in business for at least one year as of January 1, 2023, and operated throughout 2023. The franchisor removed data from franchisees earning less than $75,000 per year to accurately compare existing franchised businesses to the full-time franchise being offered.

It's important to note that these figures have not been audited or independently verified. A prospective franchisee should also consider that a number of factors can impact a franchise owner's revenue, including their operational capabilities, pricing decisions, market competition, and ability to sell ancillary products and higher-margin services. These factors can cause an individual franchisee's results to differ from those presented in the Item 19 financial performance representation.

Chem-Dry emphasizes that there is no assurance that a new franchisee will achieve the same level of revenue. The FDD also clarifies that this financial performance representation does not report other variable costs, fixed operating expenses, or other costs that must be deducted from the revenue figures to obtain net income or profit. Therefore, while the average revenue for the bottom 10% provides a benchmark, potential franchisees should conduct their own thorough financial analysis and consider all associated costs and potential market factors.