FranchiseVerdict
Dryer Vent Wizard logo
FV-00800·STRONGExcellent95

Dryer Vent Wizard

Formerly known as Kelly's Cajun Grill

Cleaning - Commercial & JanitorialFranchising since 2006Website
Investment
$83K – $159K
32nd pct Commercial & …
Avg revenue
$240K
4th pct Commercial & …
Royalty
Units
165
82nd pct Commercial & …
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $83K – $159K including a $50K franchise fee.
  • Average unit revenue of $240K/year (median $165K).
  • Rated STRONG with a risk score of 42/100. SBA loan default rate of 0.0% across 95 loans (below the industry average).
  • 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
Delaware
HQ
1010 North University Parks Drive, Waco, Texas 76707
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$451.9M
vs $461.7M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Dryer Vent Wizard unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $240,386
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $83K–$159K
Working capital
$
FDD reports $5K–$40K

Unlevered ROIC · per unit

18%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$26K
EBITDA margin
11.0%
Total invested
$144K
Payback
65 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Dryer Vent Wizard units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$192K

on $962K purchase

Total debt

$769K

SBA $0.5M + senior + seller note

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
Founded
2004
FDD year
2026
States available
39

Item 7 · what it costs

The Vitals

Total investment
$83K – $159K
All-in to open one unit
Liquid capital
$5K – $40K
Cash you must have on hand
Franchise fee
$50K
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

Item 19

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 32 · large
Range (low → high)
$18K$1.1M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank4th
vs Cleaning - Commercial & Janitorial peers
Investment cost rank32th
Lower investment ranks lower (better)
Royalty rate rank66th
Lower royalty = lower percentile (better)
Unit count rank82th
vs Cleaning - Commercial & Janitorial peers
Risk score rank13th
Lower risk = lower percentile (better)

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
2024
165+18
Franchised units
2025
147
Franchised units
2026
132
Franchised units

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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 8 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
95
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

42
Risk · 0-100
STRONG42 / 100

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.

Score breakdown · what drove the 42 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed despite $240k avg revenue claim — cannot verify profitability or validate royalty burden
  2. 02MINORRoyalty structure (10% or minimum fee) is punitive; at $240k revenue, 10% royalty ($24k) plus operating costs may severely compress margins
  3. 03HIGHParent company litigation history (Window Genie, Molly Maid) signals compliance culture issues and regulatory attention across portfolio
  4. 04MINOR12.2% YoY growth is modest for a service franchise in expanding market; does not indicate runaway demand
  5. 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

Territory
Household Count
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Texas

Item 11

Training & Operations

Classroom training
43 hrs
On-the-job training
30 hrs
POS system
Onverity
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

76 numbers

Locked
(502) 963-••••
MD
(516) 757-••••
MD
(732) 702-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Dryer Vent Wizard · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above