Opening a new business can be exciting and nerve-racking all at the same time. We understand what you are going through and have assembled some of the most frequently asked questions for you to review before applying.
What is the range of the initial investment?loganstandifer2019-06-25T17:40:14+00:00
On average, the initial investment is between $54,650 – $136,900. This includes your protected territory, training, and a fully-equipped van.
What are the financial qualifications?loganstandifer2019-06-25T17:41:39+00:00
A minimum $85,000 – $180,000 in net worth and $15,000 – $50,000 in liquid assets. (Depending on the territory size purchased)
While this is our minimum requirement, the actual investment can come from various options such as cash, retirement accounts, home equity, traditional or SBA loans, or any combination of the aforementioned. We also work with various lending partners that can help advise candidates on the best option for making the investment.
How are territories determined?loganstandifer2019-06-25T17:29:55+00:00
Territories are broken up by postal codes and are based on a minimum number of qualified households within the area. Qualified households are defined by using specific household income demographics provided by our advanced mapping systems.
Do I have to start as an owner operator?loganstandifer2019-06-25T17:30:47+00:00
No, Dryer Vent Wizard has an executive franchise model that allows an owner to start the business with a technician in the van to service customers. This allows the owner to work on the business instead of “in it” from the very start.
Can a franchisee operate more than one van?loganstandifer2019-06-25T17:31:27+00:00
Yes. You can operate as many vans in your territory as needed to continue to maximize your bottom line.
Who will set my appointments and schedule?loganstandifer2019-06-25T17:32:52+00:00