Chem-Dry Lands on ‘Entrepreneur’s’ Top 50 Franchises for Under $100K
Startup costs are a stumbling block for many entrepreneurs, which is why the Chem-Dry value proposition is remarkable from the very beginning
Ask any small-business owner what took him or her so long to get started, and the answer often will be finding startup capital. A Chem-Dry cleaning franchise, however, has low entry costs, which, in tandem with fixed ongoing fees and other valuable incentives, have landed the brand on Entrepreneur magazine’s “Best Franchises for Any Budget Level” list.
The list, which is the first time the magazine has broken down franchises in this way, details opportunities at low, medium and high price points. Chem-Dry was ranked in the top 50 opportunities for less than $100,000, alongside other well-known names that make up Entrepreneur’s Franchise 500.
Chem-Dry opportunity offers multiple strengths
To create that list, as well as the budget-level offering, Entrepreneur looked at franchise brands from all angles. Cost was a leading factor, obviously, but also in the mix were size, growth, franchise owner support, brand strength and financial stability. Scoring well in all those areas illustrates how a Chem-Dry cleaning franchise is a solid bet, says Doug Smith, Senior Vice President of Franchise Development.
“Last year Chem-Dry added 135 new franchise locations to our network, which was the fourth straight year that we’ve brought in more than 100 new franchises in the United States and Canada,” Doug says. “We also continued to grow internationally and are now in 52 countries. That kind of growth showcases why Chem-Dry continues to get attention from Entrepreneur and other well-known, respected industry publications.”
Solid ROI allows franchise owners to grow quickly
A major benefit to a low startup price point is that it allows a Chem-Dry cleaning franchise owner to recoup initial costs in a shorter time frame, and so have more capital to put back into the business. That can mean more licenses and territories, additional equipment and staff, or all of the above.
“Entrepreneurs want to find opportunities that let them get in on the ground level, but they want to know that investment is secure,” Doug says. “They also want value. Because Chem-Dry offers financing options, as well as equipment and package options to fit most budgets, we’re a good choice. We can help them move quickly to profitability without going deep into debt, which is a good business case that makes sense to anyone looking at a Chem-Dry cleaning franchise.”
Chem-Dry is the world’s largest carpet and upholstery cleaning franchise with nearly 3,500 franchises in 52 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 countertops, leather and upholstery cleaning.