What is the minimum revenue per Dryer Vent Squad franchise owner in the 1st Quartile?
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 |
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 minimum revenue per owner in the 1st Quartile is $212,671. This data is based on the financial performance of 21 franchisees operating 32 Dryer Vent Squad businesses during the period from January 1, 2023, to December 31, 2023. To be included in this financial performance representation, the franchisees must have been in business for at least one year as of December 31, 2023, and operated their franchises throughout all of 2023.
The Item 19 of the FDD presents the historical financial performance of these franchisees, dividing them into quartiles and also highlighting the top and bottom 5%. The "1st Quartile" represents the group of franchisees performing in the top 25% of the represented group. The minimum revenue figure indicates the lowest revenue achieved by a single owner within this top quartile.
It is important to note that these figures reflect gross revenue and do not account for variable costs, fixed operating expenses, or other costs that would be deducted to determine net income or profit. Prospective franchisees should consider these figures as a potential benchmark, but understand that individual results may vary. Dryer Vent Squad explicitly states that there is no assurance that a new franchisee will achieve the same level of sales.