Start a Dryer Vent Wizard Franchise in 2024

2024 Franchise 500 Rank: #372 Not ranked last year

Initial investment: $81K - $159K

Units as of 2023: 151 79.8% over 3 years

Dryer Vent Wizard is one of the only national providers of dryer vent cleaning and repair services in the U.S. They were incorporated in 2004 by Dave Lavalle, the man behind the Mr. Handyman franchise. It wasn't long before they expanded and established a name for themselves as a specialist in residential and commercial dryer fire prevention and energy savings.

With industry experience spanning over a decade, Dryer Vent Wizard has branched out with over 75 locations across the country, as well as a few in Canada. These locations are operated autonomously by individual franchisees while receiving support from the corporate headquarters in Farmington Hills, Michigan.

Dryer Vent Wizard 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.

Why You May Want to Start a Dryer Vent Wizard Franchise

It is estimated that at least 80% of American households use dryers. When ordinary repair companies can't fix those clogged vents, Dryer Vent Wizard comes into the picture. As a franchisee, you can help maintain healthy and safe environments for families and businesses alike.

The best thing is, running a Dryer Vent Wizard franchise is flexible and straightforward, resulting in you having time to spend with your family and complete other priorities. Dryer Vent Wizard follows an executive owner business model, meaning you won’t be doing all the work yourself. It also offers a home-based or mobile model, meaning that you may not even need a storefront to operate a Dryer Vent Wizard franchise.

What Might Make Dryer Vent Wizard a Good Choice?

To be part of the Dryer Vent Wizard team, you should make sure you're financially ready for an initial investment that will include a franchise fee and other potential startup fees. There is an option for third-party financing if you qualify, but you should be ready to pay these fees as well as ongoing fees such as royalty, advertising, and potential renewal fees.

Three other factors that Dryer Vent Wizard believes are behind the brand’s success are its low-cost business model, very little national competition, and the fact that you don't need a sales pitch since customers come in through the internet and other referrals.

How to Open a Dryer Vent Wizard Franchise

You can begin applying for a Dryer Vent Wizard franchise by filling out a request form. This will allow you to download the free franchise report and review it while waiting for the franchise development manager to respond and schedule an interview. The interview call is your chance to ask questions and get a feel for whether opening a Dryer Vent Wizard franchise is the opportunity you’re looking for.

Dryer Vent Wizard may send you the company’s Franchise Disclosure Document and a list of current owners' names to call and ask for testimonies. Afterward, you'll be invited to their Michigan headquarters to meet the team. You'll listen to some calls at their scheduling center and get a final feel of the business before deciding to sign the franchise agreement.

And with that, the process of opening your Dryer Vent Wizard franchise can begin.

Company Overview

About Dryer Vent Wizard

Industry	Maintenance
Related Categories	Dryer Vent Cleaning, Miscellaneous Maintenance Businesses, Miscellaneous Services, Cleaning/Restoration
Founded	2004
Parent Company	Neighborly
Leadership	Kevin Busch, Brand President
Corporate Address	1010 N. University Parks Dr. Waco, TX 76707
Social	Facebook, Twitter, LinkedIn, Instagram, Pinterest

Business Overview

Franchising Since	2006 (18 years)
# of employees at HQ	1,600
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada
# of Units	151 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Dryer Vent Wizard franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$49,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$80,700 - $159,400
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$100,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$30,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	15% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	10%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%-4%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Dryer Vent Wizard offers in-house financing to cover the following: franchise fee
Third Party Financing	Dryer Vent Wizard has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	40 hours
Classroom Training	43 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	0-1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No