How much does Servpro in the United States pay? Average Servpro hourly pay ranges from approximately $11.00 per hour for Drywall Hanger to $27.30 per hour for Staff Accountant. The average Servpro salary ranges from approximately $24,754 per year for Service Technician to $123,970 per year for Senior Programmer Analyst.
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How much is a SERVPRO franchise worth?
Are you wondering how much is a Servpro franchise? Before starting a Servpro franchise, it is important to know the franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Servpro franchise is $216,905 and can go all the way up to $216,905.
How does SERVPRO make money?
They charge 10 percent of total gross sales in royalty fees and 3 percent in ad fees. When considering that most successful businesses operate with an approximate profit margin of 20 percent, that 13 percent that ServPro takes out becomes huge.
How much do franchise owners pay themselves?
Percent fees are based on total gross sales and are usually between 5 – 9%.
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 can you make owning a SERVPRO?
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 39% above the national average.
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 franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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...•
What is the failure rate of a franchise?
Pretty much every year the survey has been conducted has shown between 8-12% of franchise businesses left their franchise each year. This is for a variety of reasons, including retirement, selling, ill-health and financial failure.
Who are SERVPRO competitors?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
How much did Blackstone pay SERVPRO?
$1 billionBlackstone 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.
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 much does a ServiceMaster franchise cost?
ServiceMaster Clean Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee$32,500$32,500Equipment$10,000$10,000Vehicles$3,975$5,500Technology System$395$7358 more rows
Is Servpro a reliable company?
On the Better Business Bureau, SERVPRO is accredited with an A- rating and only one customer review.
Who are Servpro competitors?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
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 much does a Servpro franchise cost?
How much does Servpro franchise cost? Servpro has the franchise fee of up to $49,000, with total initial investment range of $159,325 to $213,200. Initial investments: $159,325 - $213,200. Liquid Cash Requirement: $105,000 - $110,000.
Where is SERVPRO headquartered?
It is headquartered in Gallatin, Tennessee. Ted and Doris Isaacson launched Servpro Industries in 1967 as a painting business in Sacramento, California. With a background in cleaning and restoration, they transformed the company into a franchisor of cleanup and restoration specialists. Servpro consists of more than 1,700 franchises in ...
Where is SERVPRO located?
Please try again later. Servpro is a franchisor of fire and water cleanup and restoration franchises in the United States and Canada. The franchise system provides localized services as well as large scale disaster recovery. It is headquartered in Gallatin, Tennessee.
How much does a professional website cost?
The Professional Website is provided for an annual fee of up to $499 in 2018, plus $239 for each additional franchise for the Professional Website Package; Domain name registration and maintenance fees for Basic Websites are $35 per year per domain name;
Why do franchisees choose ServPro?
Not only are they providing some of the best training and support in the industry, they are also growing at an incredibly fast rate while doing it.
What is required to become a ServPro franchisee?
ServPro requires each franchisee to have prior business experience, as well as the financial strength to shoulder the costs associated with launching a new franchised location.
What is ServPro training?
ServPro offers additional, ongoing trainings for franchisees to keep them up to date with current practices and techniques. By offering these trainings, they are ensuring that each location is keeping up with the times and offering the latest technologies of the trade. It’s how ServPro stays competitive in a constantly evolving industry.
How long has ServPro been in business?
ServPro has been franchising since 1969. In those nearly 50 years, they have exploded all over the world with more than 1,700 franchised locations.
What is ServPro restoration?
ServPro was borne of the need for restoration services for homeowners. With so many scenarios that can result in devastating effects on home and property, there needed to be a way for the damages to be cleaned up properly and efficiently, without taking the homeowners themselves an eternity to accomplish.
What is SERVPRO in home?
They provide a full menu of services ranging from water and fire damage to full restoration projects. When a fire breaks out, or a flood comes rolling in to our living rooms, it may seem like nothing will ever be the same again, but ServPro leaps into action, doing everything possible to bring your home back to its former self.
Where is ServPro located?
ServPro currently has franchised locations all over the United States, as well as in Canada, the United Kingdom, Ireland, New Zealand, and Australia. Since they offer each franchisee exclusive territory rights, they will not grant any additional licenses to candidates seeking ownership in an area that has already been franchised. For this purpose, candidates are first filtered by the area in which they live.
How much does Servpro pay?
How much does Servpro in the United States pay? Average Servpro hourly pay ranges from approximately $10.95 per hour for Helper to $23.15 per hour for Subcontractor.
How much should you be earning?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options.
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 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 employee make?
Servpro employees earn $36,500 annually on average, or $18 per hour, which is 58% lower than the national salary average of $66,000 per year. According to our data, the highest paying job at Servpro is a Project Manager at $88,000 annually while the lowest paying job at Servpro is a Crew Member at $23,000 annually.
What is the highest paying job at Servpro?
National Account Manager is the highest paying job at Servpro at $94,000 annually.
Is Servpro a fair wage?
"The pay for crew chiefs at Servpro is not in my opinion a fair wage. The responsibility and long hours should be taken into account when it come to earnings.Crew Chiefs bear quite a bit of responsibility and quite often perform job tasks that are management duties."
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.
