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Dryer Vent Wizard® Franchise Cost and Qualifications
What Is The Initial Dryer Vent Wizard Franchise Cost?
The Dryer Vent Wizard initial franchise fee is $49,900*, with a total estimated investment ranging from $80,700 to $159,400*, covering startup costs like equipment and marketing.
Franchisees must have at least $30,000* in available liquid capital to manage initial expenses, along with a minimum net worth of $150,000* to demonstrate financial stability.
These requirements ensure that new franchisees are well-prepared to operate and grow their business. With the right financial foundation, franchise owners are set up for success in this essential home service sector.
- INITIAL FRANCHISE FEE
- $49,900*
- TOTAL ESTIMATED INITIAL INVESTMENT
- $80,700-159,400*
- Available Liquid Capital
- $30,000
- Minimum Net Worth
- $150,000
What Factors Determine Dryer Vent Wizard Franchise Costs?
The Dryer Vent Wizard franchise cost is determined by various factors, including the size and population of your territory, your existing equipment, supplies, and marketing materials, as well as financing options like SBA loans, 401(k) rollovers, and potential discounts.
To get a personalized estimate, contact our franchise developers, who can provide more details and discuss financing options tailored to your specific needs.
More details on the factors contributing to your Dryer Vent Wizard franchise costs:
Territory Size
Your territory size is based on where you want to operate, the number of households (population) and businesses, any areas to which you would like to expand, where your current customers are (if you have an existing business), and other factors. Territory size may cause variations in your initial Dryer Vent Wizard franchise cost.
Startup costs
We calculate how much a franchise costs based on your individual needs and circumstances. You may be starting from scratch with the purchase of new equipment, vehicles, supplies, and supplementary marketing. Or maybe you’re simply rebranding your current business. Either way, we’ll fully explain the required investment.
Veterans discount
In recognition of service to our country, we offer a discount of 20% off the initial franchise fee to honorably discharged veterans who qualify via the VetFran program guidelines.
What Franchise Financing Options Do I Have?
Being your own boss and securing the funding to do so is in reach. There are many options to funding your franchise investment such as:
- Self-funding with payment in full
- Third-Party Lenders
- Small Business Administration (SBA) Loans
- Investment Account Rollovers
- Line of Credit*
- Franchisor Financing*
When you open a franchise with Dryer Vent Wizard, you have a network of experts and resources available to help you successfully launch your business. Please consult with your local counsel and financial advisor to determine which option is best for you.
* Available only with select Neighborly® brands; ask your Franchise Developer