DRYMEDIC
Residential and commercial restoration services, including mitigation and remediation, contents cleaning and restoration, and reconstruction due to fire, smoke, water, mold, normal wear, or other property damage.
Your franchise match score
Home Services
Brand highlights
- CEOMark Dawson
- Headquarters7120 Samuel Morse Drive, Columbia, MD, 21046
- Year founded2021
- Year started franchising1996
- IndustryHome Services
- Locations open65 (+36 last three years)
Statistics & metrics
- Investment range$187,970 - $311,770
- Franchise fee$45,000
- RoyaltyBeginning on the Original Opening Date, for each royalty period, we calculate the Royalty Fee using the greater of: (a) the Applicable Royalty Percentage, or (b) the Minimum Royalty, as determined below. “Applicable Royalty Percentage” means: • 7% of the first $1,000,000 in Gross Revenue generated from the performance of Mitigation Services and/or Contents Services in the then-current calendar year; then • 6% of Gross Revenue generated from the performance of Mitigation Services and/or Contents Services in excess of $1,000,001 and up to $5,000,000 in the then-current calendar year; then • 5% of Gross Revenue generated from the performance of Mitigation Services and/or Contents Services in excess of $5,000,000 in the then-current calendar year. The Applicable Royalty Percentage will revert to 7% of Gross Revenue generated from the performance of Mitigation Services and/or Contents Services at the start of each calendar year. Currently, the “Minimum Royalty” Fee is calculated as follows: Months 1 – 6 None; Months 7 – 24 $900 per month; Months 25 – 48 $1,500 per month; Months 49+ $2,625 per month. For Gross Revenue generated from the performance of Reconstruction Services, your Applicable Royalty Percentage will be 3%.
- Brand fundBeginning on the seventh (7th) month following the Original Opening Date and continuing to the twenty-fifth (25th) month following the Original Opening Date, we will calculate your required contribution to the Brand Fund using the greater of: (a) $595; or (b) the Applicable Contribution Percentage. “Applicable Contribution Percentage” means: 1.5% of the first $1,000,000 of Gross Revenue in the then-current calendar year; then 1.25% of Gross Revenue in excess of $1,000,000 and up to $3,000,000 in the then-current calendar year; then 1% of Gross Revenue in excess of $3,000,000 and up to $5,000,000 in the then-current calendar year; then 0.5% of Gross Revenue in excess of $5,000,000 and up to $10,000,000 in the then-current calendar year; then 0% with respect to Gross Revenue in excess of $10,000,000 in the then-current calendar year. Beginning on the twenty-fifth (25th) month following the Original Opening Date, we will calculate your required contribution to the Brand Fund using the Applicable Contribution Percentage.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Home Services industry:
Home services cover everything from interior design and cleaning to landscaping and pest control. With homeowners constantly investing in their properties, this industry offers consistent demand and growth potential.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-04-27
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about DRYMEDIC, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of DRYMEDIC's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving DRYMEDIC, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a DRYMEDIC franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information DRYMEDIC provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 65 |
| Franchise locations | 43 |
| Corporate locations | 22 |
System growth over time
FAQs
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