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Chem-Dry franchise financing options

Compare costs, fees and where to get financing for a Chem-Dry.

Overall costs for Chem-Dry run anywhere from $64,545 to $146,995. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Chem-Dry franchise may result in higher or lower fees.

Franchise fees

Chem-Dry franchise fees total around $23,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial license fee $23,500 to $23,500
Estimated total $23,500 to $23,500

Equipment fees

Equipment fees total $65,145 for Chem-Dry. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
New business set $32,995 to $59,495
Cargo van $0 to $35,000
Computer system $800 to $2,000
Estimated total $33,795 to $96,495

Real estate fees

Real estate will set you back $2,000 for Chem-Dry, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Three months' rent $0 to $4,000
Estimated total $0 to $4,000

Training fees

Chem-Dry initial training costs total $2,125, which comes in under the nationwide average of $9,788.
Training Cost
Training and convention attendance expenses $1,250 to $3,000
Training $500 - $1,800
Estimated total $1,250 to $3,000

Marketing costs

Advertisement and marketing costs total up to $7,500 for Chem-Dry, beating out the nationwide average of $9,938.
Marketing Cost
Three months' advertising $5,000 to $10,000
Estimated total $5,000 to $10,000

Licenses and permits costs

Chem-Dry initial licenses and permits will set you back $2,200. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Telephone and business license $400 to $4,000
Estimated total $400 to $4,000

Insurance costs

Initial insurance costs for Chem-Dry run $3,300. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $600 to $6,000
Estimated total $600 to $6,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Chem-Dry is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Chem-Dry franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Chem-Dry about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $105,770 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Chem-Dry — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Chem-Dry opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Chem-Dry franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $64,545. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How Chem-Dry stacks up

Compare how Chem-Dry holds up against two similarly sized franchises.
Paris Baguette Chem-Dry Arby's
Average Franchise fees $50,000 $23,500 NA
Average Equipment fees $246,060 $65,145 $371,000
Average Real estate fees $571,013 $2,000 $919,875
Average Training fees $35,000 $2,125 NA
Average Inventory fees $38,000 NA $22,000
Average Marketing fees $10,000 $7,500 NA
Average Licenses and permits fees $11,610 $2,200 $31,750
Average Insurance fees $4,148 $3,300 NA
Average Admin fees $5,268 NA NA
Average Personnel fees NA NA $31,250
Average Other fees $76,645 NA $66,500

Bottom line

Chem-Dry franchise costs run a total of $105,770. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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