Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$76K - $155K
- Units as of 2022
118 24.2% over 3 years
Here’s what you need to know if you’re interested in opening a Dryer Vent Wizard franchise.
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.
About Dryer Vent Wizard
- Franchising Since
- 2006 (16 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 118 (as of 2022)
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.
- Initial Investment
- $75,800 - $154,500
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 15% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
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
- 32 hours
- Classroom Training
- 40 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Interested in franchise ownership like Dryer Vent Wizard? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Dryer Vent Wizard landed on this year’s Franchise 500 Ranking versus previous years.
Are you eager to see what else is out there? Browse more franchises that are similar to Dryer Vent Wizard.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Looking for information about how to open a Blue Moon Estate Sales franchise? Here's what you need to know.
Here are 20 questions that will save you time and money. There are great franchise options out there, but you must do your due diligence.
Turns out eating breakfast, working out, riding a rollercoaster and getting a job have something in common.
With a smarter strategy, your next recruit is clicks away.
Challenge Island recently helped a franchisee in New Mexico transform her location into a nonprofit. Here, she explains why she made the decision, and how it works.