Entrepreneur Names Chem-Dry Top Opportunity In Franchise 500 List
Three-plus decades in major compilation of outstanding franchise opportunities highlight’s brand’s success and enduring appeal
The eagerly awaited 2019 Franchise 500 List has been released by Entrepreneur magazine and Chem-Dry has once again claimed the top spot in the carpet cleaning franchise category. This year’s recognition also marks Chem-Dry’s 31st consecutive appearance as number one on the list.
“Entrepreneur is a go-to publication for anyone looking to start their own business, or just get a snapshot of what brands are succeeding, and why,” says Doug Smith, Senior Vice President of Franchise Development. “The Franchise 500 is often the first thing they turn to, and for good reason. The Entrepreneur team has done their homework, analyzing every brand from the financials to franchise owner satisfaction.”
Affordable startup costs ease path to ownership
The list does indeed delve into operational costs, including what it takes to launch a franchise. Chem-Dry has long been an industry leader in this regard, thanks to its cost-saving model that includes the ability to run a franchise from a home office, and an entry point as low as $56,495.
“Chem-Dry cleaning franchises have a lot of control from the outset,” explains Smith. “At the beginning, they determine everything from what equipment package they will have at launch, all the way to the hours they will operate the business and how they will create and grow a client base through social media advertising and other marketing.”
Financing options also remove startup hurdles
Chem-Dry further smooths the path to franchise ownership with an array of financing options for startup costs that include in-house financing for qualified applicants, as well as a 10% discount off the initial license fee for veterans. Chem-Dry is also noted for its flat royalty fee, currently $400.98 per month, which means that owners aren’t penalized for success.
“Over our four decades in business, Chem-Dry has figured out how to help entrepreneurs start their own business, and also how to help them grow and expand in terms of service offerings as well as territory size,” Smith says. “Our success both in the United States and around the world, as well as in both excellent and challenging economic times, tell a very positive story — one that we are pleased to share with Entrepreneur’s readers.”
Chem-Dry is the world’s largest carpet and upholstery cleaning franchise with nearly 3,500 franchises in 55 countries, serving 11,000 homes and businesses a day. Chem-Dry has been Entrepreneur magazine’s top-rated carpet cleaning franchise for 31 straight years. The Chem-Dry Hot Carbonating Extraction process delivers a faster-drying, deeper and more environmentally friendly clean that appeals to home and business owners. In addition to carpet and area rugs, Chem-Dry provides cleaning and renewal services for tile and stone, granite countertops, leather and upholstery, air ducts and dryer vents.