What Are My Startup Costs?
Low-risk, high-ROI, service-based franchise opportunities are in high demand
We believe Chem-Dry is one of the best investments out there. Smart entrepreneurs are locking down available Chem-Dry territories to secure their careers and financial futures.
A Chem-Dry franchise owner’s initial investment starts at $67,645. A franchise owner also will have to think about covering living expenses as they are starting the business, which are not reflected in the above figures. And regardless of the size of the investment or equipment package you choose, your monthly franchise fee is flat and affordable — just $408.60 per month.
The Chem-Dry investment model results in a franchise with tremendous scalability and earning potential. Entrepreneurs with more capital can secure multiple licenses and lock down more territories. It all depends on each individual’s financial situation, level of ambition and commitment to growing their business.
Chem-Dry offers low-cost, in-house financing for the cost of the license fee, and the loan is interest- and payment-free until the fourth month of operation. Cash is crucial in the first few months of any new business, and we want our new franchisees to have the first few months to reinvest in their business. This type of financing is unmatched in the franchise industry, and it is just another way that we invest in the success of our franchisees.
Chem-Dry Franchise Cost
Four components make up the investment and startup costs of a Chem-Dry franchise business: initial license fee, turn-key New Business Set, equipment package and working capital. Chem-Dry helps finance three of these, which are considered hard costs of the franchise investment and vary based on the equipment a new owner chooses.
|Initial License Fee||$23,500|
|New Business Set||$32,995 - 59,495|
|Optional Additional Equipment||$0 - $18,762|
|Equipment Installation, option upgrade to full van wrap, optional uniforms, office supplies, shelving, etc||$0 - $6,000|
|Cargo Van||$0 - $35,000|
|Installation Cost||$600 - $5,000|
|Three Month's Rent||$0 - $4,000|
|Telephone and Business License||$400 - $4,000|
|Training and Convention Attendance Expense||$1,250 - $3,000|
|Insurance||$600 - $6,000|
|Additional Funds - 3 months||$2,500 - $9,000|
|Computer System||$800 - $2,000|
|Advertising - 3 months||$5,000 - $10,000|
|Owner Living Expenses||Variable|
Cleaning Franchise Cost: The Variables
As shown above, hard cost of the Chem-Dry investment ranges from $67,645 – $185,757. The initial license fee is fixed at $23,500. The cost of the New Business Set varies depending on which package a new franchisee starts the business with and ranges from $32,995- $59,495.
Financing terms by equipment package:
|OPTION||Initial License Fee||Total Investment||License Fee Down Payment||License Fee Balance Financed|
|Executive Portable Package||$23,500||$56,495||$14,100||$9,400|
|Executive Truck Mount Package||$23,500||$77,995||$14,100||$9,400|
|Executive Direct Drive Truck Mount Package||$23,500||$82,995||$14,100||$9,400|
*New business set is financed by third Party. Down payment and monthly payment will vary.
Additional Equipment Options:
|PowerBase 10X Kit||$3,951|
|Tile and Stone Service Package for Truck Mount Equipment||$3,500|
|Tile and Stone Service Package for Portable Equipment||$7,000|
|Commercial Carpet Encapsulation Machine||$3,000 - $3,300|
The fourth component–working capital–covers other hard and soft costs related to the startup that aren’t financed by Chem-Dry or a third party. These costs are variable and depend on the setup of each individual business. The general range for these costs is between $16,500 and $75,000, plus owner living expenses.