How much does Servpro cost?
ServPro is graded based on our most recent research. ServPro provides professional residential and commercial cleaning and restoration of damage caused by fire, flood and other disasters. How much does a ServPro franchise cost? ServPro has a franchise fee of up to $50,000, with a total initial investment range of $160,075 to $213,950.
How many Servpro restaurants are there in the US?
Servpro consists of more than 1,700 franchises in the United States and Canada. How to open a Servpro franchise? Ensure you have adequate capitalization. In order to open a Servpro franchise, you must have a net worth of more than $159,000. Appreciate the investment required for a restaurant franchise. Evaluate your prior experience and strengths.
Why own a ServPro® franchise?
Owning a SERVPRO ® franchise can provide benefits such as brand recognition, training, and support from a franchise system that has been consistently ranked #1 by Entrepreneur magazine in the restoration services category for 13 years. Are you an entrepreneur looking for an opportunity in a high-demand, recession-resistant industry?
Why choose Servpro for restoration training?
Since 1967, SERVPRO has been redefining the restoration industry. In addition to ongoing training at the regional level, we developed the National Training Center in 1992 to teach restoration and mitigation skills to Franchise Owners and insurance industry employees.
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How much do SERVPRO franchise owners make?
How much does a Store Owner make at Servpro in the United States? Average Servpro Store Owner yearly pay in the United States is approximately $107,131, which is 41% above the national average.
How much is it to buy a SERVPRO franchise?
To buy a franchise with SERVPRO, you'll need to have at least $40,000 in liquid capital. Franchisees can expect to make a total investment of $159,000 - $213,000. SERVPRO charges a franchise fee of $49,000 / Equipment Costs $67,000.
Is SERVPRO a good franchise?
A trusted leader in the restoration industry, SERVPRO is ranked in the top 8 franchises in Entrepreneur's 2022 Franchise 500® and #1 in the restoration category. With more than 2,000 Franchises, SERVPRO has earned the reputation as #1 choice in the multi-billion-dollar cleanup and restoration industry.
How much do franchise owners make?
When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
How big is SERVPRO?
Today, SERVPRO has more than 2,000 locations in the United States and Canada and has become the #1 choice in cleanup and restoration.
What does the company SERVPRO do?
SERVPRO offers cleaning services ranging from air duct cleaning to removing biohazard contaminants. Their residential cleaning services will not only ease the burden of the constant maintenance of your home, but will also create a safe, clean, and comfortable living environment for your family.
Is restoration business profitable?
There is tremendous profit potential in the restoration industry. Restoration companies built to handle high volumes of work can enjoy profit margins in the range of 40-75% or more. But, this business is also capital intensive –requiring a healthy investment in equipment and labor.
How much did Blackstone pay SERVPRO?
Blackstone has won an auction to purchase Servpro Industries, a provider of clean-up and emergency restoration services, for an enterprise value of more than $1 billion, per The Wall Street Journal.
How many SERVPRO franchises are there in the US?
1,900 individuallySERVPRO's professional services network of more than 1,900 individually owned and operated franchises spans the United States and Canada, responding to property damage emergencies large and small – from million-square-foot commercial facilities to individual homes.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Can you get rich owning a franchise?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Who are Servpro competitors?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
Is Servpro a good company to work for?
Is Servpro Industries a good company to work for? Servpro Industries has an overall rating of 3.6 out of 5, based on over 979 reviews left anonymously by employees. 64% of employees would recommend working at Servpro Industries to a friend and 58% have a positive outlook for the business.
Are Servpro and ServiceMaster the same company?
ServiceMaster's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of ServiceMaster. Their current market cap is $5.40B. Servpro Industries's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Servpro Industries....ServiceMaster vs Servpro Industries.43%Promoters21%Passive36%Detractors
Does Servpro replace drywall?
Water Damage Restoration Restoration may involve minor repairs, such as replacing drywall and installing new carpet, or may entail major repairs, such as the reconstruction of various areas or rooms in a home or business. Many SERVPRO® locations offer:Emergency Building Services When...
How much does it cost to buy a SERVPRO franchise?
What Does a SERVPRO® Franchise Cost? To buy a franchise with SERVPRO®, you'll need to have at least $40,000 in liquid capital. Franchisees can expect to make a total investment of $159,000 - $213,000. SERVPRO® charges a franchise fee of $49,000 / Equipment Costs $67,000. They also offer financing via 3rd party.
What is a SERVPRO franchise?
Owning a SERVPRO Franchise is an opportunity to take advantage of our proven track record while being in business for yourself, but never by yourself . Since 1967, SERVPRO has been helping individuals realize their dreams of business ownership. Our tried-and-true brand, system and support allow people from diverse educational, vocational and financial backgrounds to take control of their own futures, building a business molded around personal goals and lifestyle.
Why SERVPRO ®?
Since 1967, SERVPRO has been helping individuals realize their dreams of business ownership. Our tried-and-true brand, system and support allow people from diverse educational, vocational and financial backgrounds to take control of their own futures, building a business molded around personal goals and lifestyle. Owning a SERVPRO Franchise is an opportunity to take advantage of our proven track record while being in business for yourself, but never by yourself.
Why are franchisees able to develop their businesses to a significantly higher level?
Expansion. Franchisees are able to develop their businesses to a significantly higher level due to the help of provided expertise.
When did SERVPRO start training?
In addition to ongoing training at the regional level, we developed the National Training Center in 1992 to teach restoration and mitigation skills to Franchise Owners and insurance industry employees.
What are the benefits of franchising?
Quick Start. Franchising offers the advantage of starting a new business quickly based on a proven business formula. Expansion.
How much does a ServPro franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location , labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
What is SERVPRO cleaning?
ServPro provides professional residential and commercial cleaning and restoration of damage caused by fire, flood and other disasters.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Do they offer financing support?
Yes, you can also click here to fill out our affordability calculator and understand your financing options.
How many Servpro franchise holders are there?
If you are thinking not of using Servpro as a service provider, but instead as a business opportunity, then you may be interested in becoming one of around 1,700 franchise holders throughout the United States and Canada.
How much does Servpro charge?
Servpro charges a minimum of $145 for any service. This effectively functions as a call-out fee, except it is deducted from the cost of the work if it exceeds the $145 figure. This is consistent across the Servpro locations.
What is Servpro cleaning?
Home cleaning services. In general, what Servpro is best known for is cleanups after an emergency. However, they also offer ongoing services, such as regular cleaning services. Servpro was founded in 1967 in Sacramento, California, and has since grown to the cleanup giant it is today.
How does Servpro differ from its competitors?
Where Servpro differs from its competitors is the size and scope of its operational expertise. Very few other cleanup and restoration companies are able to match the number of franchises, nor the entrenched expertise of Servpro. However, this excellence does come at a price. There may be cheaper local options.
What is a SERVPRO?
Servpro is a franchise-based cleaning company, specializing in cleaning up after water damage. It operates throughout the United States and Canada, with over 1,700 branches spread throughout the continent. Servpro has been in operation for more than 50 years, and during that time have covered a wide range of cleanup operations.
How much does it cost to clean a basement?
If you have a basement around 1,500 square feet that requires cleaning, then you can expect to pay $525. Use this as your ballpark figure for all services, and you won’t go too far wrong. The table below shows the price per square footage based on this calculation.
Does Servpro recruit?
Although this suggests market saturation, Servpro still actively recruits candidates, preferring to offer specific geographical areas in which to operate. Because of the size of Servpro’s operation, it allows franchisees to gain a great deal of expertise and experience with relative ease.
What is the benefit of owning a SERVPRO franchise?
Owning a SERVPRO ® franchise can provide benefits such as brand recognition, training, and support from a franchise system that has been consistently ranked #1 by Entrepreneur magazine in the restoration services category for 12 years.
How to speak to a SERVPRO franchise representative?
Call 1-800-826-958 6 to speak to a SERVPRO franchise expansion representative who will address your initial questions and provide guidance about the process.
What is a SERVPRO franchise disclosure?
Pursuant to FTC and state-specific regulations, the Franchise Disclosure Document is provided to you for review and describes the SERVPRO franchise opportunity in detail.
What is SERVPRO training?
The SERVPRO system training is considered by graduates and owners to be comprehensive and focused on operations and business management training. Franchise owners will complete onboarding and a pre-classroom program, including home study and visits to an operating SERVPRO® franchise, before attending the NFTP.
How many employees does SERVPRO have?
SERVPRO HQ provides a comprehensive training program to new owners, ongoing support through a network of regional level consultants, and more than 450 employees at SERVPRO headquarters whose purpose is to support new and existing owners in the SERVPRO system.
What is a WRT in SERVPRO?
The IICRC Water Damage Restoration Technician (WRT) class is provided during the NFTP mentioned above. Franchise owners who provide specialized services (such as reconstruction, mold remediation or bio-hazard clean-up) may be required by state and local regulations to possess additional certifications and licenses to perform this type of work. Providing these types of specialized services are NOT a requirement for a SERVPRO franchise.
How long is NFTP training?
NFTP is an in-depth 15 days at SERVPRO headquarters. The program involves both classroom and hands-on training with industry-leading instructors covering all aspects of owning and managing a SERVPRO franchise.
What is a SERVPRO franchise?
Franchise Description: Servpro Franchisor, LLC is the franchisor. Franchisees will primarily provide professional residential and commercial cleaning; fire, smoke, water, wind, and other damage cleaning, restoration, mitigation, repair and reconstruction; mold remediation and bioremediation services; and cleaning and disinfection to limit the survival of viruses and emerging viral pathogens.
How long is a franchise?
Term of Agreement and Renewal: The length of the franchise initial term is five years.
What are the obligations of a franchisee?
Obligations and Restrictions: If franchisees are an individual or individuals, the franchise is licensed in reliance on his or her business skills, financial capacity, personal character, integrity, business and management experience. If franchisees are a business entity, the franchise is licensed in reliance on the business skills, financial capacity, and personal character of the principals and owners. Franchisees or their principals or owners (if franchisees are a business entity) must directly perform or directly supervise operation of the franchise. All owners of the franchise must personally complete annual franchise financial and operational business reviews and attend convention (once per year in the summer). The operating principal must participate in all other periodic business consultations typically conducted at the franchisee’s primary business location, attend all area meetings (three times per year or once per trimester), and view Servpro TV episodes and all training programs required by the franchisor from time to time. Franchisees must offer and sell only the goods and services which conform to the franchisor’s standards and specifications. Franchisees must offer the goods and services that the franchisor designates as required for all franchisees. Franchisees must maintain in their inventory the minimum amount of professional cleaning products and equipment. Franchisees must comply with all applicable laws and regulations, including federal regulations, and obtain all appropriate governmental approvals for the franchise.
Who must supervise the operation of a franchise?
Franchisees or their principals or owners (if franchisees are a business entity) must directly perform or directly supervise operation of the franchise. All owners of the franchise must personally complete annual franchise financial and operational business reviews and attend convention (once per year in the summer).
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