What is the average revenue per active owner for Dryer Vent Squad franchises in the Bottom 5%?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
otherwise disclosed in Exhibit I to this Disclosure | | | | Document. |
| TOP 5% | 1 | 2 | 2 | 392,571 |
|---|---|---|---|---|
| 1st Quartile | 5 | 9 | 1.8 | 273,299 |
| 2nd Quartile | 5 | 10 | 2 | 176,969 |
| 3rd Quartile | 6 | 6 | 1 | 108,569 |
| 4th Quartile | 5 | 7 | 1.3 | 64,782 |
| Bottom 5% | 2 | 2 | 1 | 41,977 |
| TOTAL | 21 | 32 | 1.5 | 153,651 |
| Group Ranked by | Max Revenue per owner | Minimum Revenue per | Average revenue Per | |
| Average revenue | owner | Active Owner | ||
| --- | --- | --- | --- | |
| TOP 5% | 392,571 | 392,571 | 392,571 | |
| 1st Quartile | 392,571 | 212,671 | 273,299 | |
| 2nd Quartile | 204,581 | 153,067 | 176,969 | |
| 3rd Quartile | 133,061 | 85,201 | 108,569 | |
| 4th Quartile | 83,610 | 26,914 | 64,78 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–47)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the average revenue per active owner for franchises in the bottom 5% is $41,977. This data is based on the financial performance of 21 franchisees who owned 32 Dryer Vent Squad businesses and operated them for the entire year of 2023.
It's important to note that this figure represents the average revenue for the lowest-performing group of franchisees. Prospective franchisees should consider this as a potential lower end of the revenue spectrum. The FDD emphasizes that individual results may vary, and there is no guarantee that a new franchisee will achieve the same level of revenue. Factors such as location, market conditions, and the franchisee's management skills can significantly impact financial performance.
Dryer Vent Squad's FDD also clarifies that this financial performance representation does not account for variable costs, fixed operating expenses, or other costs that would be deducted to determine net income or profit. Therefore, while the average revenue per active owner in the bottom 5% was $41,977, the actual profit margin for these franchisees could be significantly lower after accounting for all expenses. Potential franchisees should carefully consider all costs associated with operating a Dryer Vent Squad franchise and conduct thorough due diligence before making an investment decision.