5 Reasons Chem-Dry Carpet Cleaning is a Top Low Investment Franchise
What separates a top-rated low investment franchise from others? Here are five of the things that have made Chem-Dry one of Entrepreneur magazine?s top picks.
Entrepreneur magazine recently ranked the Chem-Dry carpet cleaning franchise as one of the top low investment franchises in America. And the most exciting thing for Chem-Dry is that we could have also written that last sentence in 2012, 2011, 2010, 2009, 2008 ?
Chem-Dry is the top carpet cleaning franchise in America, according to Entrepreneur, and our consistently high rankings are about more than price. Heck, pork rinds are a low investment, and so are a lot of franchises that don?t perform particularly well. No, what sets Chem-Dry apart is the caliber of business that you are able to buy for as little as $9,995.
Here are five reasons Chem-Dry is a great low investment franchise:
37 years of growth: Chem-Dry was founded in 1977 and has grown into the largest carpet cleaning franchise in the world, with more than 3,500 franchises, including 2,000+ in the United States and Canada.
In-house financing: Obtaining financing can be one of the toughest parts of starting a new business, particularly for a first-time business owner. Since most Chem-Dry franchisees are first-time business owners, parent company Harris Research Inc. decided to make it easier for them to get started by offering in-house financing at a competitive rate of 6.5%. It gives new business owners the lift they need to get started and also shows how confident HRI is in the Chem-Dry brand ? after all, we?ll put our own money on the line to get you started, unlike many other franchise opportunities.
Distinct from competition: Customers have a lot of choices for carpet cleaning, so it?s important for a company to set itself apart ? and Chem-Dry is distinct from competitors in several key ways. First, our green-certified cleaning solutions and patented equipment allow us to provide a thorough cleaning that?s safer, healthier and cleaner than the competition. Our hot carbonated extraction process uses cleaning solutions that are non-toxic, non-allergenic and safe for kids and pets. Also, since we don?t use detergents or phosphates, no soapy residues are left behind after we clean, which is something most carpet cleaners can?t say. If you?ve ever had a carpet cleaned by someone else and it looked great for a few days only to have the dirt and stains reappear, then you?ve seen soap residue in action ? it actually attracts dirt. Our process also uses 80% less water than a traditional steam cleaner, which allows carpet to dry in a couple of hours instead of a couple of days. The quick dry time prevents mold and mildew from gaining a toehold in the customer?s carpet.
Earnings potential: Chem-Dry recently surveyed its American franchise owners to learn more about their business performance. The results: 211 franchisees owning 475 Chem-Dry franchise units responded, providing an overall revenue picture. The average revenue per franchise was $111,184 in 2012, up $11,938 (12%) from our previous survey in 2011. And since many Chem-Dry owners operate more than one unit, average revenue per owner was slightly more than a quarter million dollars, $250,297 in 2012. Not bad for a business you can start for $9,995.
Big name recognition: Chem-Dry is the largest carpet cleaning business in North America, with more than 2,000 franchise units in the United States and Canada. Our franchisees clean 7-8% of all carpet in the United States, which is twice as much as our nearest competitor.
Growth potential: Even though Chem-Dry is large, there is a lot of room to grow. Carpet cleaning is a highly fragmented industry, with about 75% of the industry made up of independent carpet cleaners that pop up thanks to relatively low startup costs, then disappear due to a lack of skills, business experience or marketing savvy. Chem-Dry provides franchisees more than the tools they need to succeed ? we also provide training and ongoing support to help you win customers, understand and master your business finances, market yourself effectively and boost profits.
Want to learn more? Fill out a form to download our free franchise report or give us a call at 1-877-392-0272. We look forward to answering your questions!