Highly Profitable Chem-Dry Carpet Cleaning Franchise

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30705027
Property Subtypes: Business Services
Building Size (RSF): See Agent
Sale Price: $175,000
Name of Establishment: Highly Profitable Chem-Dry Carpet Cleaning Franchise
Business Website Address: https://bit.ly/36IK3HJ
Franchised Business: Yes
Franchise Parent Name: Chem-Dry
Year Business Established: 1982
Gross Revenue: $400,655 (Annual)
Cash Flow: $75,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 11/5/2021

Overview / Comments

Are you interested in running your own small business? This carpet cleaning franchise offers a great opportunity to step into an established operation and to be a small business owner.

The Company provides carpet cleaning, furniture cleaning, stain removal, sanitizing, and more. It services a large territory that spans two well-populated Michigan counties.

The Company has a large customer base and employees in place. Plus, as a franchise, you will reap the benefits of a recognizable brand, helpful support from the corporate office, and a low, flat monthly fee.

Founded in 1977, Chem-Dry is the world’s leading carpet and upholstery cleaning franchise with a network spanning over 55 countries and serving over 11,000 homes and businesses a day worldwide. The Franchise’s proprietary Hot Carbonating Extraction uses 80% less water than typical steam cleaning, so carpets dry in hours instead of days, providing a deeper clean while allowing surfaces to dry faster, making it the safer and more convenient carpet cleaning choice.

In addition to being ranked the #1 carpet cleaning franchise by Entrepreneur magazine for 32 consecutive years and ranked among the top 25 concepts in the magazine’s list of Top Low-Cost Franchises for 12 consecutive years, Chem-Dry has also been ranked as the world’s Best House & Office Franchise in the 2018 Global Franchise Awards. Chem-Dry is well-recognized as one of the most economical, multi-unit franchise opportunities you can own.

Inquire today to learn more about this recession-proof business with the opportunity for growth!

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Additional Details

Industry Segment: Commercial Cleaning and Janitorial
Reason for Selling: Moving on to other ventures.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $100,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: A new owner would need to locate a new office space and a garage to store company property as the lease will not be transferred.
Employee/Labor Description: 2 Employees
Mgmt/Training Support Description: Ownership is willing to provide reasonable and customary transition assistance.
Competition/Market Description: Investment Highlights Include: (1) Recession Proof: While many companies struggled mightily during the Coronavirus pandemic, this Company soared to new heights. In a business that mainly deals with maintaining cleanliness, the pandemic has provided a unique breakout opportunity to the company and has essentially doubled the Seller’s Discretionary Income year over year. (2) Potential Growth Opportunities: Because the owner was not able to invest all of his time into the business, there are many unexplored revenue streams that could prove to be extremely profitable. These new opportunities include sanitization, water damage, duct cleaning, and granite cleaning. (3) Large Customer Database: The Company has access to a vast customer database. This can give the next owner a quick method of communication with former customers of the Company. The Business uses a software program for managing their database called Service Monster. This database has about 11,000 former and current customers and keeps track of their respective addresses, phone numbers, and email addresses.
Growth/Expansion Opportunities: (1) Sanitization: Due to the ongoing Coronavirus pandemic, more families and businesses than ever before are concerned about keeping their home or workplace safe and sanitized. This option has not yet been explored by the Company. (2) Water Damage: Water damage is currently an area that has not been explored by the Business. Burst pipes, flood damage and other leaks can do extreme damage to commercial and residential carpets and the floor underneath. The Company could extract the water to remove excess moisture from the carpet and pull the carpet back to dry out the padding. (3) Duct Cleaning: Duct cleaning is a mostly commercial service that is often required by government regulations. Adding this to the lineup of the Company’s services would allow it to pursue more profitable, long term contracts.
Seller Financing Description: Limited seller-financing is available for qualified buyers.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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