What is the median revenue per franchise for Chem Dry locations in the 3rd quartile?

According to Chem-Dry's 2024 Franchise Disclosure Document, the median revenue per franchise for locations in the 3rd quartile is $83,408. This data is based on the financial information reported by 246 franchise owners, who collectively own 706 Chem-Dry franchises, and who have operated their businesses for at least one year as of January 1, 2023, and throughout 2023. These figures have not been audited or independently verified.

It's important to note that a number of factors can impact a franchise owner's revenue, including their operational capabilities, the prices they charge, the level of competition in their market, and their ability to sell additional products and services. These factors can vary significantly from one franchise to another, meaning that a new franchisee's results could differ from those of the Responding Franchise Owners. The Chem-Dry FDD also notes that the Responding Franchise Owners have been in business for an average of 20 years, and have developed a customer base over time that provides a recurring revenue stream. A new franchisee would not start with that base of customers and should expect to realize lower revenues.

Prospective franchisees should also consider that this 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. The FDD does include the average cost of cleaning solutions as a percent of revenue, but it does not include information about labor costs, supplies, automotive costs, and other costs that vary with the number of jobs performed and the distance traveled by technicians. Therefore, the $83,408 figure represents gross revenue and not profit.

Chem-Dry emphasizes that individual results may vary, and there is no assurance that a new franchisee will achieve the same level of revenue as the Responding Franchise Owners. The Chem-Dry FDD encourages prospective franchisees to contact existing franchise owners to learn more about their experiences and financial performance. It also advises prospective franchisees to carefully consider all of the factors that could impact their own financial performance before investing in a Chem-Dry franchise.