About Dryer Vent Wizard Franchise
Dryer Vent Wizard is a home services franchise specializing in the installation, repair, and cleaning of dryer vents, bathroom vents, kitchen vents, and other household air movement and exhaust systems.
The brand serves both residential and commercial customers with services that improve safety, energy efficiency, and appliance performance.
The franchise fee is $43,000, and the company has been franchising since 2006 under Neighborly Assetco LLC.
Dryer Vent Wizard Franchise Cost & Fees
Minimum Investment
$74K
Average Investment
$113K
Maximum Investment
$153K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $43,000 | One-time payment upon signing |
| Royalty Fee | Months 1-12: 10% of Gross Sales; Months 13-24: greater of 10% of Gross Sales or $1,000; Months 25-end of Term: greater of 10% of Gross Sales or $2,000 of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Months 1-12: up to 4% of Gross Sales (currently 2% of Gross Sales). Months 13-24: the greater of the applicable percentage (currently 2%) of Gross Sales or $200. Months 25-end of Term: the greater of the applicable percentage (currently 2%) of Gross Sales or $400. | National brand fund |
| Total Investment Range | $73,800 – $152,500 | Includes build-out, inventory, working capital |
The investment range of $74K–$153K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Months 1-12: 10% of Gross Sales; Months 13-24: greater of 10% of Gross Sales or $1,000; Months 25-end of Term: greater of 10% of Gross Sales or $2,000) and marketing fee (Months 1-12: up to 4% of Gross Sales (currently 2% of Gross Sales). Months 13-24: the greater of the applicable percentage (currently 2%) of Gross Sales or $200. Months 25-end of Term: the greater of the applicable percentage (currently 2%) of Gross Sales or $400.) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $43,000 | $43,000 |
| Van | $2,000 | $10,000 |
| Equipment, Supplies & Inventory | $11,500 | $16,000 |
| Insurance | $300 | $6,000 |
| Advertising & Promotional and Local Marketing Spending for Marketing Start-up Phase | $7,500 | $15,000 |
| Training, Travel, Lodging & Food | $1,500 | $5,500 |
| Deposits, Permits & Licenses | $0 | $6,000 |
| Professional Fees | $0 | $5,000 |
| Additional Funds - 3 Months | $5,000 | $40,000 |
| Real Estate | $3,000 | $6,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | The greater of (i) $7,500 or (ii) 5% of the sales price. In addition, the transferee must also complete our training program and pay us a $3,500 training fee. |
| Renewal Fee | $5,000 |
| Audit Fee | Cost of audit plus expenses, plus any amount owed as shown by the audit, plus interest and late fees |
| Call Center Fees | Months 1-12: 5% of Gross Sales. Months 13-24: the greater of 5% of Gross Sales or $500. Months 25-end of Term: the greater of 5% of Gross Sales or $1,000. |
| Local Marketing Groups | Not to exceed 3% of Gross Sales. |
| Annual Convention ('Reunion') Fees | Currently $1,000 or less per registrant |
| Amendment Fee | $250 |
| Late Fees | $10 per day |
| Dishonored Check or ACH Draft | $25 |
| Interest | 12% on unpaid balances |
| Failure to Maintain Insurance | Our actual cost for insurance premiums and a reasonable fee for expenses we incur |
| Tax Reimbursement | Varies |
| Unapproved Suppliers | Our actual out-of-pocket costs of inspection or testing |
| Indemnification and attorneys’ fees and costs | Varies according to loss |
| Additional Training Fees | The then-current fee, (currently, $100 per day for follow up operational assistance, and $500 per day for replacement manager training), plus your and our (if applicable) related travel costs and expenses |
| Key Accounts/Management Fee | Up to 5% of total Gross Sales related to Key Account work |
| CareerPlug Pro Plan Annual Fee | $495 (after 30-day trial, reimbursed if downgraded within 120 days) |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 72 hours |
| Classroom Training | 40 |
| On-the-Job Training | 32 |
| Training Location | Waco or Dallas, Texas or virtual training |
| Additional Training | Franchisees and key employees may be required to attend ongoing training at the franchisor's facility or other designated locations. A training fee may be charged for additional or replacement manager training. Franchisees must attend an annual training or conference event, currently called 'Reunion', at their own expense, and any other designated required training. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | up to 200,000 in population |
| Description | Franchisees receive the right to operate a Dryer Vent Wizard business within a designated territory with a population of up to 200,000. While the territory is not exclusive, the franchisor will not operate or grant a franchise for another Dryer Vent Wizard business to market within the franchisee's territory, provided the franchisee is in full compliance. However, the franchisor and its affiliates retain all other rights, including selling similar products/services under different trademarks or through different channels, and soliciting Key Accounts within the territory. If a franchisee fails to accept appointments and service customers in any zip code at least once weekly for three consecutive weeks or ten weeks in any twelve-month period, the franchisor has the right to reclaim, reassign, or resell that portion of the territory without compensation. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | one additional 10-year term |
| Renewal Fee | $5,000 |
| Renewal Conditions | To renew, franchisees must not be in default of the Franchise Agreement or any related agreement, have satisfied all monetary and material obligations on a timely basis, be in good standing with no more than 3 written default notices during the term, provide written notice of renewal, and the franchisee and guarantors must sign a general release. They must also pay a $5,000 renewal fee, complete current training requirements, and sign the then-current version of the franchise agreement, which may have materially different terms, conditions, and fees, including a potentially smaller territory. |
| Transfer Fee | The greater of (i) $7,500 or (ii) 5% of the sales price. In addition, the transferee must also complete our training program and pay us a $3,500 training fee. |
| Transfer Conditions | Franchisor approval is required for any transfer. Conditions include: franchisee not being in default, all amounts owed to franchisor/affiliates/suppliers paid in full, all required reports provided, new franchisee meeting current requirements and signing the then-current franchise agreement, training arranged for the new franchisee, franchisee/owners/guarantors signing a general release, transfer fee paid, and new franchisee agreeing to all customer obligations including warranty work and service plans. |
| Termination for Cause | The franchisor can terminate the Franchise Agreement if the franchisee defaults. Curable defaults (e.g., failure to pay amounts due or submit reports) have a 10-day cure period. Other curable defaults have a 30-day cure period. Non-curable defaults (e.g., material misrepresentations, voluntary abandonment, business closure for safety reasons, unauthorized Mark use, insolvency, felony conviction, intentional understatement of sales/fees, unauthorized transfer, or a second default of any type within 12 months) result in immediate termination. Defaults materially impairing goodwill, violating health/safety laws, or presenting a health/safety hazard have no more than 24 hours to cure. |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the term of the Franchise Agreement, the franchisee (including guarantors, owners, spouse, children, parents, or siblings) cannot be involved in any Competitive Business. For a period of two years after the expiration or termination of the Franchise Agreement, or after the sale or transfer of the Business, the franchisee cannot own, manage, operate, engage in, advertise, promote, or consult with any Competitive Business located in the Territory, within a 25-mile radius of the outer boundary of the Territory, or inside the territory of another DRYER VENT WIZARD® business. A 'Competitive Business' is defined as any business offering products or services that are part of the System, similar to those offered by franchisees, or otherwise directly or indirectly competitive with the System. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | If the franchisee is an individual, they must directly perform or supervise the operation of the Business unless the franchisor consents otherwise. If the franchisee is a legal entity, direct, on-site supervision must be done by a designated owner ('principal owner') who has successfully completed the franchisor's training program, unless the franchisor consents otherwise. Principal owners must devote full-time attention to the business. |
| Required Suppliers | Franchisees are required to participate in the proprietary Call Center Program. The franchisor is one of several approved suppliers for dryer vent installation and cleaning products. Vans, including upfitting and decaling, must be purchased from a designated vendor. An opening Marketing Package must be purchased from an approved supplier. Franchisees must use an IBM-compatible laptop, an additional computer monitor, Microsoft Office Home and Business, and a tablet computer that meet franchisor specifications. Quickbooks Online must be licensed from the designated vendor, Intuit Limited. Access to CareerPlug LLC’s web-based applicant tracking system is also required. |
| Supply Restrictions | Franchisees must use only techniques, procedures, and supplies specified in writing by the franchisor and offer only approved products and services. The franchisor reserves the right to change requirements periodically and to designate a primary or single source of supply for certain products and supplies, which may be the franchisor or its affiliates. Franchisees may not contract with alternative suppliers for products/services where a supplier has been designated. |
| Franchisor Revenue from Suppliers | In 2020, ProTradeNet’s predecessor PTNLLC had revenue of $14,525 (approximately 0.17% of its total revenues) from purchases by Dryer Vent Wizard franchisees. The Predecessor had revenue of $810,918 (about 25.01% of its total revenues) from purchases by Dryer Vent Wizard franchisees from approved suppliers or under specifications. The affiliate ZorWare had $0 revenue from required purchases or payments by franchisees for initial training and maintenance and monthly support. The franchisor or its affiliates may receive a commission from the brokerage of a capital lease or other equipment finance. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | The franchisor may finance a portion of the initial franchise fee for qualified prospective franchisees, typically up to 70%, and potentially up to 80% in some cases. The financed amount is limited to less than 50% of the total equity, debt, and other financial support of the business. Interest rates are credit-score dependent, ranging from 12% (under 600) to 9% (700 or more). Repayment terms vary from up to 5 years for loans less than $45,000 to 9 years for loans over $150,000. A security interest in the business assets is required, and personal guarantees from owners/spouses may be required. The franchisor may also refer to third-party lenders. |
Dryer Vent Wizard Franchise Earnings — Item 19
Average Revenue
$218K
Median Revenue
$156K
Revenue Range
$29K – $1.4M
Sample Size
68 units
Past financial performance does not guarantee future results. Individual results will vary.
Dryer Vent Wizard Litigation & Risk Flags
Clean Litigation RecordDryer Vent Wizard has no pending litigation actions listed in their FDD.
Bankruptcy History DisclosedA bankruptcy disclosure is present in this FDD.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Dryer Vent Wizard System Growth
Total Units
92
Franchised
92
Company-Owned
0
Dryer Vent Wizard currently operates 92 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2018 | 3 | 3 | 84 |
| 2019 | 9 | 5 | 88 |
| 2020 | 8 | 4 | 92 |
Transfers: 6 | Closures: 12
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Total Assets
$808.0M
Audited by BDO USA, LLP for year ending March 25, 2021.
Dryer Vent Wizard Franchise — FAQ
The total investment to open a Dryer Vent Wizard franchise ranges from $73,800 to $152,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $43,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Dryer Vent Wizard charges a royalty fee of Months 1-12: 10% of Gross Sales; Months 13-24: greater of 10% of Gross Sales or $1,000; Months 25-end of Term: greater of 10% of Gross Sales or $2,000 of gross sales, plus a Months 1-12: up to 4% of Gross Sales (currently 2% of Gross Sales). Months 13-24: the greater of the applicable percentage (currently 2%) of Gross Sales or $200. Months 25-end of Term: the greater of the applicable percentage (currently 2%) of Gross Sales or $400. contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Dryer Vent Wizard Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Dryer Vent Wizard to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Dryer Vent Wizard franchise owners report average revenue of $218K and median revenue of $156K. This is based on a sample of 68 units. Past performance does not guarantee future results.
Dryer Vent Wizard has been franchising since 2006. The FDD shows an investment range of $73,800-$152,500, a Months 1-12: 10% of Gross Sales; Months 13-24: greater of 10% of Gross Sales or $1,000; Months 25-end of Term: greater of 10% of Gross Sales or $2,000 royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $43,000 and the total investment ranges from $73,800 to $152,500 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Home Services Franchises
Interested in Dryer Vent Wizard?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Dryer Vent Wizard and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Dryer Vent Wizard or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com