What is the maximum revenue per owner for a Dryer Vent Squad franchise in the 2nd Quartile?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD 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 | 64,782 | |
| Bottom 5% | 57,041 | 26,914 | 41,977 | |
| TOTAL | ------- | -------- | 153,651 |
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 maximum revenue per owner for a franchise in the 2nd Quartile is $204,581. This data is based on the financial performance of 21 Represented Franchise Owners operating 32 Dryer Vent Squad businesses during the period from January 1, 2023, to December 31, 2023. These franchisees had been in business for an average of 1.5 years.
It's important to understand that this figure represents the highest revenue achieved by an owner within the 2nd Quartile, not the average. The 2nd Quartile includes 5 owners operating 10 active territories, averaging 2 territories per owner. The average revenue per owner in this quartile was $176,969, while the minimum revenue per owner was $153,067.
Prospective franchisees should note that these figures are based on past performance and there is no guarantee that a new franchisee will achieve similar results. Dryer Vent Squad emphasizes that individual results may vary. The FDD also clarifies that these revenue figures do not account for variable costs, fixed operating expenses, or other costs that would impact net income or profit. Therefore, it is essential to conduct thorough due diligence and consider all potential expenses when evaluating the financial opportunity.