Servpro Franchise

SERVPRO provides professional cleaning, restoration, and remediation services for residential and commercial properties damaged by water, fire, mold, or storms. The franchise offers 24/7 emergency response, specialized cleaning techniques, and comprehensive restoration services to make properties look 'Like it never even happened.'

Servpro
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Explore This Opportunity
Industry
Home & Building Services
Total U.S. locations
2286
Year of founding
1967
Category
Maintenance, Repair, & Restoration
Corporate HQ
Gallatin, Tennessee
Year started offering franchises
1969

Key Insights

  • Servpro began as a professional cleaning service for draperies and carpets, growing into a national leader in disaster cleanup and restoration, specializing in fire, water, mold, and biohazard remediation. The franchise model allows for localized service with the backing of a national brand and extensive training.
  • The business operates through a network of independently owned and operated franchises that provide immediate response to property damage emergencies. Franchisees are equipped with specialized equipment and follow established protocols for effective and efficient restoration services.
  • The industry Servpro operates in addresses the urgent needs arising from property damage, a sector experiencing consistent demand driven by natural disasters, accidents, and everyday emergencies. This creates a continuous market for the business's essential services.
Servpro

Franchise Fee and Costs to Open

Franchise Fee
$100,000 - $100,000
Minimum Cash Required
$
60000
Investment Range
$258,780 - $379,500

Exploring the financial picture of Servpro gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $258,780 - $379,500, along with a franchise fee of $100,000 - $100,000.

Financial Performance and Revenue

Yearly Gross Sales

$
1693870
Owner Operator Estimated Earnings
$203,265 - $254,081
Franchise Playback Period

1.9-3.9 years

Yearly gross sales of $1,693,870 and estimated earnings of $203,265 - $254,081 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.9-3.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.

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Training and Resources

Servpro provides comprehensive training for new franchisees. Initial training is a two-week program conducted at Servpro's corporate headquarters in Gallatin, Tennessee. Servpro also offers ongoing support and resources. The franchisor provides access to a network of experienced professionals and utilizes various training modules to guide new owners.

Legal Considerations

Legal considerations for a Servpro franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.

Challenges and Risks

Franchisees in home and building services, similar to a Servpro model, may encounter considerations around established local competitors, the intricate coordination of equipment and skilled personnel for diverse restoration projects, and potential disruptions within specialized supply chains for cleaning agents and repair materials. Effectively navigating these operational nuances and market dynamics will be a key aspect of business development.

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Franchise Datasheet

Servpro
Maintenance, Repair, & Restoration
Home & Building Services

FAQs

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