Recession Proof Service Business-Franchise
Asking Price: | $450,000 |
Gross Revenue: | $488,722 |
FF&E: | $68,000 |
Cash Flow: | $133,459 |
Inventory: | $500 |
Established Year: | 2006 |
Great Opportunity for a First-Time Buyer
Dryer Vent Wizard provides professional dryer vent cleaning, system installation, and repair. Among other services, the Franchise offers clog removal, line sanitizing, commercial vent cleaning, vent repair, vent rerouting, and booster fan installation. The Corporate Franchise was incorporated in 2004 and follows an executive owner business model, meaning you won't be doing all the work yourself. Often franchisees operate a home-based model with space only needed for parking the vans and storing equipment, The DC Dryer Vent Wizard was an early member of the franchise, having opened in 2006, just two years after the corporate franchise was founded. After 17 years, the franchise primarily runs on auto-pilot, with all customer-facing processes and much of the back office processes standardized or automated. Residential customers comprise 90% of the DC franchise.
The remaining 10% are commercial.
The Company employs two technicians. The Seller works 15-25 hours a week on back office projects, such as marketing, scheduling, and managing employees, Adding an administrative assistant to manage these back office duties will allow the Buyer to be even more hands-off. Dryer Vent Wizard is a phenomenal franchise to purchase because it uses an executive model, The owner doesn't work in the field. They are the CEO working on the business, not in the business. The Seller is relocating and is eager to sell the franchise to a Buyer with an eye for growth. Putting feet on the ground, mine the customer database to reinvigorate older customers, and test new marketing techniques. There's also the opportunity to invest in multiple units. The sale includes approximately $68,000 in assets, with three brand-wrapped vehicles and equipment, inventory valued at $500, a database of 7,700 current and past customers, and a transition period with the Seller.
The award-winning franchise was ranked # 139 on Entrepreneur's 2023 fastest-growing franchises. The Franchise is a member of the National Fire Protection Association (NFPA), and franchisees are continually working with local fire departments to increase dryer fire prevention awareness in each of their communities. One of the great benefits of owning a Dryer Vent Wizard is their national scheduling center for franchisees. That's right! When customers call the national line, Dryer Vent Wizard schedules the customers for you. That means you are getting "free" customers without personally pounding the pavement. Of course, you'll get more customers by pounding the pavement.
The franchise is a protected territory that covers Washington, DC, and Montgomery County, MD. No other Dryer Vent Wizard franchisee is allowed to work in that territory. DataUSA.io reported that Montgomery County, MD had 182,000 households in 2020. Washington DC reported 68,000 in the same year.
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