CHEM-DRY CARPET CLEANING Franchise Fee, Revenue, And Profit Margin
Year in year out, homeowners across America install new carpets to the tune of about 10 billion square feet – these carpets will need to be cleaned yearly and for decades. Since the year 1977, one name has been outstanding in the area of carpet cleaning across the United States, which is Chem-Dry Cleaning. It will be a great opportunity for you to tap into this market that keeps on growing by the years and also has the assurance of a low entry fee.
In the course of this article, we will be discussing how much is a Chem-Dry Cleaning franchise
ABOUT THE COMPANY
The company was established in the year 1977 and it is a subsidiary of Harris Research, Inc. The business involves the cleaning and refurbishing of dirty carpets. The company has developed and designed a technique for establishing, performing and operating carpet cleaning, upholstery cleaning, protective services, spot removal, stone and tile care services, utilizing the HRI’s Chem-Dry patent methods, standards and specialized equipment.
Harris Research Inc. develops and also manufactures the cleaning procedures that is used by Chem-Dry.
IS CHEM-DRY CLEANING A FRANCHISE?
When an entrepreneur asks “Is Chem-Dry Cleaning a franchise?” The answer that comes to mind is simply the popularity of the brand among homeowners and their numerous stores all across the United States. One might want to deduce from this that they must be selling franchises. Of course Chem-Dry Cleaning sells franchise opportunities and they have been doing so since the year 1978.
WHAT IS THE CHEM-DRY CLEANING FRANCHISE OFFER?
Chem-Dry Cleaning offers franchises for the operation of the company’s businesses which are to provide carpet cleaning, spot removal, upholstery cleaning and other services authorised by the franchisor.
WHY BUY INTO THE CHEM-DRY CLEANING FRANCHISE OPPORTUNITY?
Chem-Dry Cleaning can be considered to be the largest cleaning franchise in the world and as well one of the most economical franchises that you can buy into. The company also offers prospective franchisees the opportunity to buy multi-unit franchise as there are currently hundreds of such units across the United States.
These are the benefits you get when you buy into a Chem-Dry Cleaning franchise:
- Recently, the carpet cleaning industry has been experiencing drastic growth, which averages about 5% a year with projections to attain a maximum $5 billion by the end of 2018.
- Chem-Dry Cleaning is also the largest carpet cleaning franchise in the whole of United States
- about 3,500 franchisees across the world make use of the company’s patented products and they have a track record of about 40 years and franchise experience.
- The carpet cleaning industry is highly fragmented with a very high potential for growth and interestingly, Chem-Dry Cleaning is the industry leader.
HOW MUCH DOES A CHEM-DRY CLEANING FRANCHISE COST?
There are four components of the investments that will be needed to establish a Chem-Dry Cleaning franchise. Franchisees will get assistance in financing by the company in 3 of the components, which are: the initial franchise fee, equipment package and turn-key business set.
The total investments needed to establish a Chem-Dry Cleaning franchise unit is between $57,000 and $80,000. The prospective franchisee will also be expected to have a liquid cash requirement of non-borrowed cash to the tune of $100,000.
CHEM-DRY CLEANING FRANCHISE FEE
The Chem-Dry Cleaning initial franchise fee is the payment made to the franchisor in order to get access to the license to operate under the company’s identity. The initial franchise fee is non-refundable and is between $3000 to $23,500
DOES CHEM-DRY CLEANING OFFER FINANCING?
Chem-Dry Cleaning offers direct financing to their new franchisees to cover for the flowing the initial franchise fee, equipment package and turn-key business set. Additional required funds may be gotten through their 3rd party lenders, which offer financing to franchisees to help with the set up of the franchise unit.
TRAINING AND ASSISTANCE
Before launching of the franchise unit, franchisees will be mandated to complete the training set by the company and are also expected to have their employees trained as well. The training holds for 2 weeks and has 2 components: 1 week home study and another week of class.
Trainings will hold at the company’s corporate office in Utah or any other locations recommended by the company.
TERMS OF AGREEMENT
A franchisee will only be able to operate with the company’s license for 5 years. Although Chem-Dry Cleaning will offer a 10-year agreement if the business warrants a longer term. Franchisees may seek to get an extension of an additional 5 year term if they are able to meet up with the company’s terms for license renewal.
HOW TO OPEN A CHEM-DRY CLEANING FRANCHISE
After getting all the information that you need on how to open a Chem-Dry Cleaning franchise, and you have been able to confirm your eligibility on the financial requirements to open a franchise unit, the next step to take is to proceed to the website of the company and submit your application.
This will be reviewed by the Franchise manager and once your application is approved, the manager and his team members will then meet with you and make further evaluations of you. Once you have been confirmed eligible to open a franchise unit, you will then be given adequate assistance by the company on how to set up your franchise unit.