For Chem Dry franchisees in the 'Total' group, what is the average revenue per job?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
81,357 | | More | | | | | | | | | Total | 246 | 706 | 2.9 | $ 325,842 | $216,261 | $ 113,537 | $ 100,034 |
| Group Ranked by Average Revenue | verage enue/Job | /ledian enue/Job | Owners Exceeding Average Revenue Per Owner | Solutions as % of Revenue | Average Years Operating | Median Years in Business |
|---|---|---|---|---|---|---|
| 1 | $ 363.15 | $ 337.64 | 34% | 5.70% | 21.5 | 20.1 |
| 2 | $ 362.60 | $ 353.95 | 31% | 5.07% | 19.4 | 19.0 |
| 3 or More | $ |
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 job for the 'Total' group of franchisees was $386.85 during the period from January 1, 2023, to December 31, 2023. This figure is based on data reported by 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. It is important to note that these figures have not been audited or independently verified. The average revenue per job reflects the average revenue per carpet cleaning job as reported by the Responding Franchise Owners.
It is important for prospective franchisees to understand that this average revenue per job is just one metric of financial performance and does not reflect the potential profitability of a Chem Dry franchise. Factors such as operational capability, pricing strategies, local competition, and the ability to sell additional services can significantly impact a franchisee's revenue. The FDD also notes that a new franchisee should expect lower revenues than existing franchisees who have developed a customer base over time.
Chem Dry also states that 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. Therefore, while the average revenue per job provides a benchmark, it should be considered alongside other financial information and business factors when evaluating the potential of a Chem Dry franchise. Prospective franchisees should carefully consider all costs associated with operating the franchise to determine potential profitability.
Chem Dry emphasizes that individual results may vary, and there is no assurance that a new franchisee will achieve the same level of revenue. The FDD encourages prospective franchisees to request written substantiation for the data used in the financial performance representation. It also advises reporting any unauthorized financial performance information or projections to Chem Dry's management, the Federal Trade Commission, and appropriate state regulatory agencies.