Dryer Vent WizardFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Dryer Vent Wizard franchise requires a total initial investment of $83K – $159K, including a $50K franchise fee. Per the 2026 FDD, average unit revenue was $240K[2]. SBA 7(a) loans show a 2.0% charge-off rate across 49 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $83K – $159K
- 24th pct Cleaning & Ma…
- Avg gross sales
- $240K
- 4th pct Cleaning & Ma…
- Royalty
- N/A
- Units
- 165
- 71st pct Cleaning & Ma…
- SBA default
- 2.0%
- system-wide median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = >15% above Cleaning & Maintenance avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $83K – $159K including a $50K franchise fee.
- Average unit revenue of $240K/year (median $165K).
- Verdict F (Bottom Quintile) with a risk score of 78/100. SBA loan charge-off rate of 2.0% across 49 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System growing at 25.0% CAGR over 3 years with 165 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Dryer Vent Wizard SPV LLC
- Parent company
- Neighborly Assetco LLC
- Incorporated in
- DE
- HQ
- 1010 North University Parks Drive, Waco, Texas 76707
- Auditor
- Ernst & Young LLP
- Audited financials
- Franchisor revenue
- $451.9M
- vs $461.7M prior year
Overview
About
Franchisees operate mobile dryer vent cleaning and repair services, visiting residential and commercial customers to remove lint buildup, inspect venting systems, and perform preventative maintenance. Day-to-day activities include scheduling appointments, conducting on-site inspections, performing cleaning/repairs, managing equipment, billing customers, and handling customer service.
- CEO
- Michael Anthony Davis
- Headquarters
- TX
- Founded
- 2004
- FDD year
- 2026
- States available
- 39
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $5K | $40K |
| Equipment, build-out, other | $28K | $70K |
| Total initial investment | $83K | $159K |
Source: Dryer Vent Wizard 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$26K
11.0% margin
Unlevered ROIC
18%
EBITDA / total invested capital
Payback
5.4 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $83K – $159K
- Better than avg vs category
- Liquid capital req'd
- $5K – $40K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Near category avg vs category
- Royalty
- the greater of (a) 10% of Gross Sales or (b) the applicab…
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 12.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $120 |
| Transfer fee | $8K |
| Renewal fee | $5K |
| Total fee load | 12.0% of rev |
Financial Performance
- Avg gross sales
- $240K
- Per unit, per year
- Median gross sales
- $165K
- Item 19 type
- gross_sales
- Sample size
- 137 units
- vs category median 31 · large
- Range (low → high)
- $18K→$1.1M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 204 Cleaning & Maintenance brands
vs Cleaning & Maintenance averages
How Dryer Vent Wizard Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 165
- Opened
- 28
- Last reporting year
- Closed
- 10
- Turnover rate
- 6.1%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +12.2%
- Net unit change last year
- 3-yr CAGR
- +25.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 6
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 49
- Loan volume
- $7.7M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 2.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 90.0%
- 5-yr charge-off
- 20.0%
- Loans approved 2021+
- Active lenders
- 11
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Dryer Vent Wizard's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 13-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Moderate-to-cautious risk: service-based dryer vent cleaning franchise with growth potential undermined by opaque profitability data, aggressive royalty floor, and parent company regulatory baggage.
Audited financials (Item 21)
Yes · Ernst & Young LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 78 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed despite $240k avg revenue claim — cannot verify profitability or validate royalty burden
- 02MINORRoyalty structure (10% or minimum fee) is punitive; at $240k revenue, 10% royalty ($24k) plus operating costs may severely compress margins
- 03HIGHParent company litigation history (Window Genie, Molly Maid) signals compliance culture issues and regulatory attention across portfolio
- 04MINOR12.2% YoY growth is modest for a service franchise in expanding market; does not indicate runaway demand
- 05MEDHigh initial investment ($82.9k–$159.4k) relative to disclosed revenue with unknown net income creates payback risk
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Household Count |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 2 |
Items 10, 11
Training & Operations
- Classroom training
- 43 hrs
- On-the-job training
- 30 hrs
- POS system
- Onverity
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Onverity
Item 20 · call current owners
Franchisee Contacts
76 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Dryer Vent Wizard · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Dryer Vent Wizard franchise?
The total investment to open a Dryer Vent Wizard franchise ranges from $83K – $159K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Dryer Vent Wizard franchise owners earn?
According to Item 19 of the Dryer Vent Wizard FDD, the average gross sales per unit is $240K. The median is $165K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Dryer Vent Wizard's franchise failure rate?
Based on SBA 7(a) loan data, Dryer Vent Wizard has a charge-off rate of 2.0% across 49 loans, meaning 2.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Dryer Vent Wizard franchise locations are there?
As of their most recent FDD filing, Dryer Vent Wizard has 165 total units in the United States, including 92 franchised units and 0 company-owned units. 28 new units were opened in the latest reporting year.
Is Dryer Vent Wizard a good franchise to buy?
FranchiseVerdict rates Dryer Vent Wizard as a F-grade franchise with a risk score of 78 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.