What is the median revenue per owner for Chem Dry franchisees in the top 10%?
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 |
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 owner for the top 10% of franchisees is $903,593. This data is based on the financial information reported by 246 franchise owners, representing 706 franchises, who used Chem-Dry's Customer Management Software and operated their businesses for at least one year through 2023. These figures have not been audited or independently verified.
It's important to note that a franchisee's revenue can be influenced by various factors, including their operational capabilities, pricing strategies, local competition, and ability to sell additional products and services. The financial performance representation includes data from franchisees who have been in business for an average of 20 years, suggesting that established businesses may perform differently than new ones. The Responding Franchise Owners represent approximately 41.9% of Chem-Dry's U.S. franchise owners.
Prospective franchisees should be aware that these figures represent past performance and do not guarantee future results. Chem-Dry explicitly states that individual results may vary, and there is no assurance that a new franchisee will achieve the same level of revenue. The FDD also notes that the brand's established presence in a market can impact 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. Franchisees should carefully consider all these factors and conduct their own due diligence before investing in a Chem-Dry franchise.