Chem-Dry, Inc.
Franchising since 2014 · 1,099 locations
The total investment to open a Chem-Dry, Inc. franchise ranges from $99,645 - $240,995. The initial franchise fee is $36,000. Ongoing royalties are 7% plus a 3% advertising fee. Chem-Dry, Inc. currently operates 1,099 locations (1,099 franchised). Data sourced from the 2026 Franchise Disclosure Document.
$99,645 - $240,995
$36,000
1,099
1,099 franchised
FPI Score
This franchise has not yet been scored by the Franchise Performance Index. Scores are calculated based on public FDD data, SBA loan performance, and system-level metrics.
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What is the Chem-Dry, Inc. franchise?
The New Form Of Fdd franchise presents an exceptional and timely opportunity within the rapidly expanding upscale lifestyle hotel segment, specifically carving out a distinctive niche in university-anchored towns across the globe. This unique brand, originally founded in 2014 by Ben Weprin, CEO of Adventurous Journeys Capital Partners (AJ Capital), has cultivated a compelling collegiate theme that resonates deeply with its target demographic, offering a blend of nostalgic charm and modern luxury. Its strategic position was significantly bolstered in March 2024 when Hilton Worldwide, an industry titan founded in 1919 by Conrad N. Hilton, announced its acquisition of the New Form Of Fdd brand for a substantial $210 million. This pivotal transaction, expected to finalize in the second quarter of 2024, has seamlessly integrated the New Form Of Fdd franchise into Hilton’s vast global brand portfolio, providing it with an unparalleled operational and marketing infrastructure. While AJ Capital Partners, based in Nashville, Tennessee, retains ownership of the physical hotel properties, these establishments now operate under robust, long-term Hilton franchise agreements, ensuring a stable and supportive framework for growth. The New Form Of Fdd franchise, headquartered virtually within Hilton's corporate structure in McLean, Virginia, under the leadership of President and CEO Chris Nassetta, is poised to leverage Hilton’s extensive resources, including its global reservation systems and the immensely popular Hilton Honors loyalty program, which boasts over 243 million members. This strategic alignment combines the unique identity of the New Form Of Fdd franchise with the expansive reach and operational excellence of one of the world's leading hospitality companies, setting the stage for significant market penetration and sustained success in its specialized segment, offering a compelling proposition for discerning franchisees looking to invest in a distinctive and well-supported hotel concept.
Operating within the dynamic and fast-growing lifestyle hotel market, the New Form Of Fdd franchise is perfectly positioned to capitalize on evolving consumer preferences for authentic and localized travel experiences. This industry segment thrives on catering to travelers who seek more than just accommodation, desiring unique engagements that connect them with the cultural fabric of their destination. The Hilton 2024 Trends Report meticulously highlighted a significant shift in consumer behavior, indicating that nearly a quarter of global travelers are actively planning trips specifically for concerts, sporting events, and other unique local experiences. Crucially, a substantial portion of these events and experiences unfold in secondary markets, which are frequently anchored by vibrant university communities—the precise demographic and geographic sweet spot for the New Form Of Fdd franchise. This intrinsic alignment with prevailing consumer trends provides the New Form Of Fdd franchise with a powerful competitive advantage, ensuring a consistent demand base that is both passionate and engaged. Hilton's ambitious growth projections further underscore the brand's potential, with the hospitality giant anticipating a doubling of its overall lifestyle portfolio by 2028. The New Form Of Fdd franchise is expected to play a pivotal and central role in this aggressive expansion, serving as a key driver for Hilton's strategic objectives in this high-growth market. The brand's focus on university towns taps into a resilient and ever-renewing market, benefiting from academic calendars, alumni events, sporting competitions, and the constant influx of visitors tied to collegiate life, reinforcing its strong foundation within a thriving industry landscape.
Investing in a New Form Of Fdd franchise represents a significant commitment, reflecting its premium-tier positioning within the hospitality sector. The initial franchise fee for a New Form Of Fdd franchise is a substantial $100,000, signaling the brand’s exclusivity and the comprehensive support infrastructure provided by Hilton. Beyond this initial fee, the estimated total investment required to commence operations for a typical 150-room New Form Of Fdd hotel, excluding the cost of real property, ranges broadly from $18,746,437 to an impressive $91,125,745. This extensive range accounts for variables such as location, construction costs, property size, and specific design elements that contribute to the brand's unique collegiate aesthetic. A portion of this substantial investment, specifically up to $443,825, is allocated for payments directly to Hilton or its affiliates, covering various pre-opening and initial setup services. In terms of ongoing financial obligations, franchisees of the New Form Of Fdd franchise are subject to a royalty rate of 5% of their gross rooms revenue, a standard practice designed to support the brand's continuous development and marketing efforts. While specific details regarding an "ad fund" for the New Form Of Fdd franchise were not explicitly outlined, it is a reasonable inference, based on Hilton’s established broader franchise system, that a typical advertising and marketing fee of 4% of gross rooms revenue would apply. This fee contributes to comprehensive marketing campaigns and brand promotion, benefiting all franchisees under the Hilton umbrella. The minimum cash required to open a New Form Of Fdd franchise is noted as starting from $60,000; however, given the multi-million dollar total investment range, prospective franchisees must be highly experienced hospitality operators or well-capitalized investment groups possessing substantial liquid capital, far exceeding this initial figure, to effectively manage the extensive financial requirements of this premium opportunity.
The operating model and support structure for a New Form Of Fdd franchise are meticulously designed to ensure seamless integration and sustained success, leveraging the formidable resources of Hilton Worldwide. Following Hilton's strategic acquisition of the brand, comprehensive and personalized training programs were immediately rolled out to integrate existing New Form Of Fdd teams into Hilton’s sophisticated systems and extensive resource network. For new franchisees, Hilton’s Franchise Disclosure Document (FDD) typically outlines a robust suite of support services that span every critical phase of hotel development and operation. This begins with expert guidance during the design and construction phases, ensuring that each New Form Of Fdd property embodies the brand’s distinctive collegiate theme while adhering to Hilton’s rigorous quality standards. Pre-opening support is equally comprehensive, assisting franchisees with everything from staffing and initial marketing to systems setup, ensuring a smooth launch. Once operational, franchisees benefit from unparalleled ongoing support, drawing upon Hilton's vast experience in hospitality management. A cornerstone of this support is direct access to Hilton’s global reservation systems, which provide a powerful booking engine and broad market reach, connecting New Form Of Fdd properties with millions of potential guests worldwide. Furthermore, every New Form Of Fdd franchise is fully integrated into the prestigious Hilton Honors loyalty program, which, by September 2024, encompassed over 243 million members. This integration provides franchisees with a built-in, loyal customer base and robust marketing opportunities. Beyond technical and operational assistance, Hilton offers the significant advantage of its strong brand recognition and established operational infrastructure. The company also fosters internal talent development through various programs, such as the 18-month "Elevator Graduate Programme" for aspiring hotel leadership in Europe, the Middle East, and Africa, and a 12-month Management Development Program in the U.S. focused on general hotel operations, showcasing a commitment to excellence across its network. The territory strategy for the New Form Of Fdd franchise is highly focused, specifically targeting university-anchored towns and markets, a niche that provides both a stable demand base and a unique brand identity. The FDD (Item 12) provides detailed provisions regarding territory and addresses potential competition from the franchisor or other franchisees, ensuring clarity and protection for the New Form Of Fdd franchise operator within their designated market.
Prospective investors examining the financial landscape of the New Form Of Fdd franchise will note that detailed unit-level revenue and earnings data, such as average revenue per unit, median revenue, or specific profit margins, are not extensively represented within the provided information. While the Franchise Disclosure Document (FDD) Item 19 typically offers financial performance representations, including sales, costs, profits, or losses, it is important to understand that franchisors are not legally mandated to provide such information, and many choose not to. Consequently, for the New Form Of Fdd franchise, specific performance data essential for a granular assessment of brand scale and market penetration at the individual unit level is not publicly disseminated in this context. This necessitates a robust due diligence process for any potential franchisee, engaging with existing operators as permitted by the FDD, and thoroughly analyzing the broader market and brand potential within the upscale lifestyle hotel segment. Despite the absence of specific unit-level financial performance disclosures, the acquisition of the brand by Hilton, announced on March 14, 2024, for a significant sum of $210 million, provides a compelling indicator of the parent company's profound confidence in the brand's future financial viability and growth trajectory. Hilton further anticipates a substantial fee contribution of approximately $16 million from the New Form Of Fdd brand for its first full year of ownership, reflecting the expected revenue generation at the corporate level from franchise fees and royalties collected across the brand's expanding portfolio. This corporate financial forecast underscores the strategic value Hilton places on the New Form Of Fdd franchise within its expanding portfolio, implying strong underlying economic fundamentals that attract such a significant corporate investment. The overall financial health of the brand, while not detailed through individual unit performance reports, is implicitly affirmed by Hilton's substantial investment and projected corporate-level fee contributions, guiding prospective franchisees to consider the broader systemic advantages and the parent company's robust financial backing. This premium-tier hotel franchise operates within a segment where high initial investments are common, and the expectation of strong returns is balanced against the capital expenditure required to establish a flagship property under the New Form Of Fdd franchise banner, emphasizing the need for comprehensive financial modeling and market analysis by serious investment groups.
The New Form Of Fdd franchise demonstrates a robust growth trajectory and possesses significant competitive advantages that position it for sustained expansion within the global hospitality market. As of late 2024, the New Form Of Fdd brand boasts 34 active locations, with other reports indicating more than 35 operating and pipeline properties, or alternatively, over 30 open hotels and three currently under construction, highlighting its consistent development. Geographically, the brand has established a strong presence in the United States, with 32 active locations strategically placed in prominent U.S. college towns. Its international footprint includes two distinguished properties in the United Kingdom, specifically in the revered university cities of Cambridge and Oxford, showcasing its global appeal and adaptability. Hilton anticipates a truly significant growth trajectory for the New Form Of Fdd brand, identifying an impressive addressable market of between 400 and 500 hotels globally. This ambitious target underscores the vast potential Hilton sees in the brand’s unique collegiate concept and its specific market niche. Furthermore, Hilton has publicly stated its expectation to double the size of its overall lifestyle portfolio by 2028, with the New Form Of Fdd franchise playing a pivotal and indispensable role in achieving this strategic objective. Recent openings, such as the Graduate Princeton in August 2024, exemplify the brand’s commitment to thoughtful development, transforming a historic 1918-era student dormitory into a vibrant 180-key boutique hotel that perfectly encapsulates the New Form Of Fdd aesthetic and ethos. Looking ahead, new hotels are slated to open in key university markets including Austin, Dallas, Auburn, and additional properties in Princeton, further cementing the brand's expansion. The core competitive advantages of the New Form Of Fdd franchise stem from its distinctive collegiate theme, which offers a unique and memorable guest experience, combined with the formidable backing of Hilton's global scale, unparalleled operational expertise, and its extensive Hilton Honors loyalty program, providing a powerful synergy that differentiates it within the upscale lifestyle segment.
The ideal franchisee for a New Form Of Fdd franchise is a highly sophisticated and well-resourced entity, reflecting the substantial investment and operational complexities inherent in a premium-tier hotel brand. Prospective franchisees are typically experienced hospitality operators with a proven track record in hotel development and management, or robustly capitalized investment groups possessing significant liquid capital. The scale of the estimated total investment, ranging from $18,746,437 to $91,125,745, dictates that only those with substantial financial backing and strategic vision will be suitable candidates. While a minimum cash requirement of $60,000 is noted for certain initial components, the overall liquid capital needed to support the multi-million dollar investment and sustained operational demands is considerably higher. The New Form Of Fdd franchise specifically targets university-anchored towns and markets, a niche that requires an understanding of the unique dynamics of academic communities, including seasonal fluctuations, event-driven demand, and the preferences of a diverse guest demographic encompassing students, alumni, faculty, and visiting families. The Franchise Disclosure Document (FDD), specifically Item 12, comprehensively addresses territory provisions, outlining the exclusive rights and responsibilities within a defined market, and details potential competition from the franchisor or other franchisees. This ensures that the chosen territory offers a viable and protected operational environment for the New Form Of Fdd franchise, aligning with the strategic placement of each property within its unique collegiate setting. This specialized market focus, coupled with the brand’s distinctive theme, demands a franchisee capable of appreciating and executing on a nuanced hospitality model.
The New Form Of Fdd franchise presents an exceptional investor opportunity for those seeking to capitalize on a distinctive brand within a high-growth segment, backed by the unparalleled stability and reach of Hilton Worldwide. The brand’s unique collegiate theme and strategic focus on university-anchored towns tap into a resilient and consistently renewing market, making it an attractive proposition for long-term investment. Hilton’s substantial $210 million acquisition of the brand in March 2024 unequivocally signals its confidence in the New Form Of Fdd brand’s inherent value and its considerable potential for expansion, targeting an addressable market of 400 to 500 hotels globally. This aggressive growth strategy, coupled with Hilton’s ambition to double its overall lifestyle portfolio by 2028, positions the New Form Of Fdd franchise as a cornerstone asset within a rapidly expanding sector. Franchisees benefit immensely from integration into Hilton’s global reservation systems and the powerful Hilton Honors loyalty program, which, with over 243 million members, provides a vast, built-in customer base and significant marketing leverage. Hilton anticipates a robust fee contribution of approximately $16 million from the New Form Of Fdd brand for its first full year of ownership, highlighting the expected financial performance and the brand's strategic importance within the parent company’s revenue streams. This opportunity allows investors to leverage a well-defined niche that aligns perfectly with contemporary consumer trends favoring authentic, localized, and experience-driven travel, particularly in secondary markets. The substantial financial backing, combined with the unique brand identity and comprehensive support infrastructure, makes the New Form Of Fdd franchise a compelling investment for seasoned hospitality operators and well-capitalized groups seeking a premium addition to their portfolio with significant growth prospects. Explore the complete New Form Of Fdd franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Chem-Dry, Inc. based on SBA lending data
Investment Tier
Mid-range investment
$99,645 – $240,995 total
Why Chem-Dry, Inc. Doesn't Appear in Public SBA Data
The SBA 7(a) program publishes loan-level data for every approved franchise borrower. Chem-Dry, Inc. does not currently appear in those public records — and that absence carries useful information for prospective franchisees evaluating this brand.
Absence from SBA records does not mean a brand is un-fundable. It typically means the franchise system uses alternative capital sources, or that current franchisees self-fund, secure conventional bank financing, or roll over equity from a prior business sale rather than going through an SBA-guaranteed 7(a) loan. For prospective Chem-Dry, Inc. franchisees, the practical question is which financing path actually closes for this brand's profile.
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Franchise Partner Buyout Financing
Senior debt for partner buyouts and multi-unit roll-ups.
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Commercial Real Estate Loans
Owner-occupied or investor-owned restaurant real estate.
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Payment Estimator
Estimated Monthly Payment
$1,032
Principal & Interest only
Locations
Chem-Dry, Inc. — unit breakdown
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