Have you owning a Chem-Dry franchise? If so, then this article will guide you on the Chem-Dry franchise cost as well as the application process you’ll need to undergo to have your very own carpet and upholstery cleaning business up and running.
Chem-Dry prides itself as “North America’s best carpet cleaning franchise.” And with the global carpets and rugs market forecasted to reach USD 138.44 billion by 2026, without a doubt, there will be a lot of carpet-cleaning jobs to go around.
If the carpet cleaning industry is something you’d want to make money out of, then getting a Chem-Dry franchise is a smart step. For one, the company has been in business for over 40 years, arming it with more than enough experience needed to improve the service and grow the brand.
In addition, the company is known not only for its service but also for its patented products. As a result, more than 3,000 franchises are already using their products in over 50 countries worldwide. That said, you obviously can’t go wrong with a tried and tested business that has already built a solid reputation in carpet cleaning.
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Chem-Dry’s Current Market and Competition
However, franchising a well-known brand doesn’t mean that you won’t have to deal with the competition with any business. As a matter of fact, the brand has a few competitors in the industry, such as COIT, The Brandon Agency, as well as Arslanian Brothers.
Despite competing brands, one of the things that makes Chem-Dry stand out is its unique carpet cleaning process, namely, the Hot Carbonating Extraction. Unlike the steam cleaning methods employed by other companies, this method offers a better solution not only for home health but also for the environment.
Hot Carbonating Extraction is as cool as it sounds – it involves using millions of microscopic bubbles blasting the dirt from carpet fibers. There are several benefits to this method. First and foremost, it’s more eco-friendly because it uses less water. Moreover, it’s less damaging to the carpet as it dries faster. And thirdly, and most importantly, it’s very effective in removing not only dirt but also grime and debris.
How Much Does a Chem-Dry Franchise Cost?
Now, on to the most crucial question – how much does a Chem-Dry franchise cost? In general, you’ll need $67,645 to $185,757 to open your own shop, according to Chem-Dry’s franchise disclosure document (FDD). These figures include basic fees, such as the Initial License Fee as well as the New Business Set.
Cost Breakdown
Name of fee
Low
High
Initial License Fee
$23,500
$23,500
New Business Set
$32,995
$59,495
Optional Additional Equipment
$0
$18,762
Equipment Installation, Optional Upgrade to Full Van Wrap, Optional Additional Uniforms, Office Supplies, Shelving, Ramps
$0
$6,000
Cargo Van
$0
$35,000
Installation Costs
$600
$5,000
Three Month’s Rent
$0
$4,000
Telephone and Business License
$400
$4,000
Training and Convention Attendance Expenses
$1,250
$3,000
Insurance
$600
$6,000
Additional Funds – 3 months
$2,500
$9,000
Computer System
$800
$2,000
Advertising – 3 months
$5,000
$10,000
Estimated Total
$67,645
$185,757
It’s vital to note that the Chem-Dry franchise cost above only covers the initial set up as well as the ad costs and other funds for the first three months.
For instance, they also charge a Monthly Franchise Fee of $408.60. In addition to that, there’s a Customer Service Management Software Fee ranging from $70 to $120 per month after the initial set up fee.
Also included in other fees is the Initial Monthly Marketing by Franchisees. This fee amounts to 25 percent of gross revenue, with a minimum of $1,000 for digital marketing.
Besides those mentioned above, you’d also want to take into account the other additional fees stipulated in the FDD.
How Do I Start a Chem-Dry Franchise?
The first step to acquiring a franchise is to request franchise information by calling (877) 233-7830. Similarly, you can also fill out a request form on their franchise website.
In the same vein, there’s a franchise application form in their site, which requires basic info about the applicant. Bear in mind, however, that this form asks not only for your total assets, total income, and total liabilities but your estimated net worth as well. Because of this, you’ll want to get the numbers sorted out before filling out the form.
Here are some of the initial requirements to qualify to be a franchisee:
Liquid capital of $50,000
A minimum net worth of $80,000
Total investment of $67,645 – $185,757, as well as
Franchise fee of $23,500
After sending an application, the franchising team will schedule a meet-and-greet call to learn more about you. After this, you’ll be invited to an introductory webinar and a walk-through of the FDD.
In addition to the meetings, the team will also arrange for you to visit existing stores. Moreover, you’ll get to talk with current franchisees to get a bigger picture of owning your own franchise. As a result, you’ll have all the info you need even before you sign on the dotted line.
