What is the median revenue per Chem Dry franchise across all franchises represented in the table?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
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 median revenue per franchise for all franchises represented in the table is $100,034. 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 for at least one year through 2023. These responding franchises represent approximately 56.9% of Chem Dry's U.S. franchises that meet these criteria.
It's important to note that this median revenue is based on franchises that have been operating for an average of 20 years. The FDD cautions that a new Chem Dry franchisee should expect lower revenues, as they will not start with an established customer base. The financial performance representation also doesn't include all costs or expenses that must be deducted to obtain net income or profit.
Prospective franchisees should also consider that factors such as operational capability, pricing strategies, local competition, and the ability to sell additional services can impact revenue. The Chem Dry brand's established presence in a market can also influence revenue, with newer markets potentially generating lower revenues. Chem Dry will provide written substantiation for the data used to prepare this financial performance representation upon reasonable request.