Franchise Format Helps Entrepreneurs Stay Financially Afloat During A Recession While Planning For The Future
It may seem counterintuitive to start a new business during a recession. Of course, many companies are folding and unemployment rates are soaring. However, Chem-Dry — a recession-resistant carpet cleaning service company — is bucking this trend and encouraging people to start their own business with new lowered down payment price of $8,495 and 0% interest financing.
Chem-Dry, a division of The Home Depot, is the world’s largest carpet and upholstery cleaning company with more than 4,000 franchises in 43 countries. About 2,500 of these franchises are in the United States.
So, why is a carpet cleaning company a wise and recession-proof investment? Chem-Dry Vice President of Franchise Sales Bill Knight suggests there are three main reasons: low cost, name recognition and a franchisor that will bend over backwards to help the franchisee.
Low cost
“At less than $8,500 down, Chem-Dry is a low-cost investment that almost anyone can get into,” Knight said. “Plus we provide our own in-house zero-percent financing for the remainder of the franchise price, which is a huge deal in today’s tight credit markets.” Read more.
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