Full Answer
See more
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.
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 much is it to buy a SERVPRO?
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.
Who are SERVPRO competitors?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
How do I become a SERVPRO owner?
The estimated initial investment required to open a SERVPRO franchised restaurant is $159,325 to $213,200, including an initial franchise fee of $49,000. Franchise owners must have at least $100,000 to $105,000 in cash or liquid assets to qualify.
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.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
What equipment does SERVPRO use?
SERVPRO® will manipulate temperature and relative humidity to remove the remaining moisture. We use specialized equipment, including industrial air movers and dehumidifiers, to remove water retained by building materials and other hard-to-access moisture.
How many SERVPRO franchises are there?
1,900 franchisesAt SERVPRO, we are proud to offer our customers the industry-leading level of service. Each of our nearly 1,900 franchises offer a broad variety of opportunities to help, to serve, and to repair and restore people's homes and businesses.
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 company owns SERVPRO?
BlackstoneBlackstone acquires a majority stake in SERVPRO as part of Blackstone's Core Private Equity strategy, which is designed to hold investments for much longer periods of time than traditional private equity.
How many SERVPRO franchises are there?
1,900 franchisesAt SERVPRO, we are proud to offer our customers the industry-leading level of service. Each of our nearly 1,900 franchises offer a broad variety of opportunities to help, to serve, and to repair and restore people's homes and businesses.
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.
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).
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
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.
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.
