Chem-Dry Lands On Entrepreneur Magazine’s Franchise 500 List
Once again, the magazine’s editors have seen the value the Chem-Dry franchise opportunity offers to entrepreneurs looking to start a business
Entrepreneur Magazine has released its eagerly awaited Franchise 500 list, and once again Chem-Dry has claimed a spot among the country’s best business opportunities.
“We are, as always, honored and pleased to be included on the Franchise 500 list,” says Doug Smith, Senior Vice President of Franchise Development. “When people begin their research around buying and operating their own business, Entrepreneur is usually the first stop. That’s because they are extremely careful in reviewing franchises for longevity, effectiveness, reputation and strong ROI. They know a Chem-Dry cleaning franchise is a solid bet.”
Magazine lauds Chem-Dry franchise’s low entry point
Startup costs are a big factor in the list because that’s the first obstacle many would-be franchise owners face. Because Chem-Dry is a home-based business, the entry point is reasonable — as low as $31,800, as the Franchise 500 points out.
“In addition to being part of a well-known and respected brand, a Chem-Dry cleaning franchise owner also benefits from not having to rent office or retail space, as well as carry a lot of expensive inventory that may or may not get used,” Doug says. “That, coupled with our many equipment packages, lets people get in the door, and get going, with a very small investment.”
Financing and discounts available
Chem-Dry also offers in-house financing to qualified franchise owners, as well as a 10% discount for veterans. The list also noted Chem-Dry’s royalty fee, which is a flat $393 per month and so can easily be budgeted. Being able to overcome those fiscal issues takes care of what could be significant barriers to entry, Doug notes.
“Even though the economy continues to improve, banks are sometimes slow to lend to small businesses,” he says. “We work with lenders to create packages that will cover startup costs that include equipment and inventory. We want to help every new Chem-Dry franchise owner get out there and start generating revenue.”
Chem-Dry is the world’s largest carpet and upholstery cleaning franchise with nearly 3,500 franchises in 51 countries, serving 10,000 homes and businesses a day. Chem-Dry has been Entrepreneur magazine’s top-rated carpet cleaning franchise for 29 straight years. The Chem-Dry Hot Carbonating Extraction process delivers a faster-drying, deeper and more environmentally friendly clean that appeals to both home and business owners. In addition to carpet and area rugs, Chem-Dry provides tile and stone, granite countertop, leather and upholstery cleaning.