CHEM-DRY CARPET CLEANING Franchise Startup Cost, Profit Margin, Revenue and Locations
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.
Are you nurturing the idea of franchising with a carpet cleaning company? Buying a franchise is a meditative endeavour, you cannot rush into it without proper research. Chem-Dry Carpet Cleaning franchise offers an opportunity of a lifetime, with its failure resistant business plan. A result of their patented products and cleaning services the company has been ranked the No.1 Carpet Cleaning franchise in the world for over 20 years.
GUIDE: ANAGO CLEANING SYSTEMS
ABOUT CHEM-DRY CARPET CLEANING
Robert Harris started the Chem-Dry company in 1977 with a main aim of bring a new method of carpet cleaning into use. The company uses a unique method of Hot Carbonation Treatment Extraction process to extract dirt from carpets without the use of harsh chemicals or damaging the carpets with water.
The Chem-Dry Carpet Cleaning Company has expanded its services to areas such as upholstery, leather or vinyl, tile, granite, and grout cleaning, odour removal water and pet urine damage restoration.
Chem-Dry Carpet Cleaning franchise is currently one of the world’s largest and most recognized carpet cleaning company with over 3,500 franchise units in 51 countries carrying out about 15,000 home Hot Carbonating Extraction cleaning everyday!
CHEM-DRY CARPET CLEANING FRANCHISE TRAINING AND SUPPORT
Chem-Dry Carpet Cleaning franchisees would be provided with an initial two weeks training consisting of two parts; the in house computer training and the effective hands-on training during the second week which would be held in either Logan, UT or Nashville, TN.
During the first week of the training, Chem-Dry Carpet Cleaning franchisees would be taught the standard method of applying cleaning products and the use of the various materials, how to maintain their business, keep records and create accounts.
Chem-Dry Carpet Cleaning franchise would also offer its opinions and direct franchisees on hiring employees, ways to advertise and create business awareness and new equipment.
Other support programs and ongoing training activities such as
- The Chem-Dry Carpet Cleaning Annual National Convection.
- Regional mini conventions and retreats.
- An approach to the franchise completely with various training videos and resources.
- Quick start coaching.
- Frequent communications from franchisor through newsletter.
- The St Francis bay eastern cape training program.
- Electronic training classes on the chem-dry gateway university.
CHEM DRY CARPET CLEANING FRANCHISE FINANCIAL REQUIREMENTS
The initial investment required to join the Chem-Dry Carpet Cleaning franchise is $56,495 and $161,957. This payment would include the franchise fee and charges required to start up such as real estate, purchasing equipment, supplies, business license and start up capital.
Every franchise has its respective net worth requirement. If you want to become a part of the Chem-Dry Carpet Cleaning Franchise the total of your assets such as stocks, retirement accounts and cash must sum up to $50,000. Any form of liability would not be calculated under your net worth. Chem-Dry Carpet Cleaning franchise requires its franchisee to have a fixed sum of $30,000 cash at hand.
CHEM-DRY CARPET CLEANING FRANCHISE FEE
It is mandatory of Chem-Dry Carpet Cleaning franchisees to pay an initial franchise fee of $23,500. This fee is a single time fee which must be paid to the franchisor to allow its franchisees use the company’s name, business methods and trademarks. However, the initial franchise fee may vary according to territorial size or other stated factors.
CHEM-DRY CARPET CLEANING FRANCHISE ONGOING FEE
An ongoing royalty fee of $401 is required of each franchisee per month and the company offers 10% discount off the franchise fee to veterans.
CHEM-DRY CARPET CLEANING FRANCHISE OBLIGATIONS AND RESTRICTIONS
Franchisees would be required to report directly to the franchisor even if they do not personally or directly handle the business. A unit franchise must operate within the territory which was included in the franchise agreement. The number of franchisees in a franchised area differ according to population, franchisees are allowed to own as many vans as they want provided they do not exceed their territory.
Franchisees of Chem-dry Carpet Cleaning Company are not allowed to offer any service or product that hasn’t been approved by the franchisor.
CHEM-DRY CARPET CLEANING FRANCHISE TERMS OF RENEWAL
Franchisees of Chem-dry Carpet cleaning company may decide to cancel their franchise agreement only within 10 working days after signing the franchise agreement, this action would have no cost attached to it.
Chem dry carpet cleaning company allows franchisees to renew the franchise agreements with no included charges for an additional period of five years, however Franchisees would have to meet the requirements before renewal.
HOW TO OPEN A CHEM-DRY CARPET CLEANING FRANCHISE
Do you want to be a part of the leading franchise in carpet cleaning? Chem-dry carpet cleaning franchise might just be right for you. Click here to begin the Chem-Dry application process. http://chemdryfranchise.com/franchise-application/