Top 100 Franchises
2015
SERVPRO is one of the most highly ranked and rated restoration franchises in America and Canada. SERVPRO specializes in removing the damages caused by fire, smoke, soot, water, mold, natural disasters, etc.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 1,641 | 1.05% | 0 | -- | 1,641 | 1.05% |
| 2012 | 1,624 | 0.81% | 0 | -- | 1,624 | 0.81% |
| 2011 | 1,611 | -- | 0 | -- | 1,611 | -- |
Investment Required
The initial fee for a SERVPRO franchise is $44,000 for territories with populations of approximately 50,000 to 80,000. In certain exceptional circumstances, a larger territory may be allowed with an additional $489 charged per 1,000 people over the maximum population. SERVPRO provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $44,000 | $44,000 + |
| Vehicle | $600 | $29,000 |
| Equipment and Products Package | $64,000 | $64,000 |
| Supplies | $3,850 | $8,500 |
| Insurance | $3,000 | $3,750 |
| Advertising and Promotional | $250 | $1,500 |
| Expensing while Training, Training | $550 | $1,900 |
| Deposits, Permits, Licenses | $700 | $2,550 |
| Accounting Services, Online Tax Table Service and QuickBooks Pro Training | $600 | $1,500 |
| Xactimate Estimating and Pricing Software and Training | $1,000 | $2,500 |
| Additional Funds (3 months) | $20,000 | $25,000 |
| Real Estate | $0 | $3,000 |
| Total Initial Investment | $138,550 | $187,200 + |
Ongoing Expenses
SERVPRO franchisees pay royalty fees ranging from 3-10% of monthly gross volume with a minimum payment of $100. There is also a fixed fee that wavers between $45 - $115 based on monthly gross volume. In addition, there is an advertising fee of .5% of monthly gross volume plus 2.5% of annual gross volume on a calendar year basis, not including gross volumes from subcontract services.
What You Get: Training and Support
The SERVPRO training system consists of both pre- and post-opening assistance. Before opening, training is held at the corporate headquarters in Gallatin, Tennessee. After opening, manuals and videos are provided for additional training. On-going advice and assistance are also available as needed.
Territory
SERVPRO does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD. The 2014 write-ups will be incorporated into the 2015 Edition of the Bond's Top 100 Franchises publication.
2014
SERVPRO is one of the most highly ranked and rated restoration franchises in America and Canada. SERVPRO specializes in removing the damages caused by fire, smoke, soot, water, mold, natural disasters, etc.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2012 | 1,624 | 0.81% | 0 | -- | 1,624 | 0.81% |
| 2011 | 1,611 | 2.61% | 0 | -- | 1,611 | 2.61% |
| 2010 | 1,570 | -- | 0 | -- | 1,570 | -- |
Investment Required
The initial fee for a SERVPRO franchise is $43,000 for territories with populations of approximately 50,000 to 80,000. In certain exceptional circumstances, a larger territory may be allowed with an additional $478 charged per 1,000 people over the maximum population. SERVPRO provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $43,000 | $43,000 + |
| Vehicle | $600 | $29,000 |
| Equipment and Products Package | $61,250 | $61,250 |
| Supplies | $3,850 | $8,500 |
| Insurance | $3,000 | $3,750 |
| Advertising and Promotional | $250 | $1,500 |
| Expensing while Training, Training | $550 | $1,900 |
| Deposits, Permits, Licenses | $700 | $2,550 |
| Accounting Services, Online Tax Table Service and QuickBooks Pro Training | $600 | $1,500 |
| Xactimate estimating and pricing software and training | $1,000 | $2,500 |
| Additional Funds (3 months) | $20,000 | $25,000 |
| Real Estate | $3,000 | $3,000 |
| Total | $134,800 | $183,450 + |
Ongoing Expenses
SERVPRO franchisees pay royalty fees ranging from 3-10% of monthly gross volume with a minimum payment of $100. There is also a fixed fee that wavers between $45 and $115 based on monthly gross volume. In addition, there is an advertising fee of ½% of monthly gross volume plus 2½% of annual gross volume on a calendar year basis, not including gross volumes from subcontract services.
What You Get: Training and Support
The SERVPRO training system consists of both pre- and post-opening assistance. Before opening, training is held at the corporate headquarters in Gallatin, Tennessee. After opening, manuals and videos are provided for additional training. On-going advice and assistance are also available as needed.
Territory
SERVPRO does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2013 FDD.
2013
SERVPRO is one of the most highly ranked and rated restoration franchises in America and Canada. SERVPRO specializes in removing the damages caused by fire, smoke, soot, water, mold, natural disasters, etc.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2011 | 1,611 | 2.61% | 0 | -- | 1,611 | 2.61% |
| 2010 | 1,570 | 3.22% | 0 | -- | 1,570 | 3.22% |
| 2009 | 1,521 | -- | 0 | -- | 1,521 | -- |
Investment Required
The initial fee for a SERVPRO franchise is $42,000 for territories with populations of approximately 50,000 to 80,000. In certain exceptional circumstances, a larger territory may be allowed with an additional $467 charged per 1,000 people over the maximum population. SERVPRO provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Estimated Low Range | Estimated High Range |
|---|---|---|
| Initial Franchise Fee | $42,000 | $42,000 + |
| Vehicle | $600 | $29,000 |
| Equipment and Products Package | $61,250 | $61,250 |
| Supplies | $3,100 | $7,500 |
| Insurance | $3,000 | $3,750 |
| Advertising and Promotional | $250 | $1,500 |
| Expensing while Training, Training | $550 | $1,900 |
| Deposits, Permits, Licenses | $700 | $2,550 |
| Accounting Services, Online Tax Table Service and QuickBooks Pro Training | $600 | $1,500 |
| Xactimate estimating and pricing software and training | $1,000 | $2,500 |
| Additional Funds (3 months) | $20,000 | $25,000 |
| Real Estate | $3,000 | $3,000 |
| Total | $133,050 | $181,450 + |
Ongoing Expenses
SERVPRO franchisees pay royalty fees ranging from 3-10% of monthly gross volume with a minimum payment of $100. There is also a fixed fee that wavers between $45 and $115 based on monthly gross volume. In addition, there is an advertising fee of ½% of monthly gross volume plus 2 ½% of annual gross volume on a calendar year basis, not including gross volumes from subcontract services.
What You Get: Training and Support
The SERVPRO training system consists of a five step Business Development program: Prerequisite Progress which includes preparing your business prior to classroom training; Prerequisite Consultation consisting of an onsite Trainer visit; New Franchise Training Program, a 15-day classroom session; Business Setup, 5 days of onsite Trainer visits; and finally, Business Consultation consisting of six onsite Trainer visits.
Territory
SERVPRO does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2012 FDD.
2012
SERVPRO is a leading franchisor of cleanup and restoration services for fire, water, mold and more. Founded in 1967, SERVPRO has grown to an extensive network of more than 1,500 franchises covering 48 states. Ranked #1 in the restoration services category in Entrepreneur magazine's Franchise 500, SERVPRO has established a brand name with national recognition. For the last 40 years, SERVPRO has grown rapidly with a winning business model based on services that are a necessity. Today, SERVPRO franchise owners respond to property emergencies ranging from multi-million dollar disasters to those suffered by individual businesses and homeowners.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2010 | 1,570 | 3.22% | 0 | -- | 1,570 | 3.22% |
| 2009 | 1,521 | 4.25% | 0 | -- | 1,521 | 4.25% |
| 2008 | 1,459 | -- | 0 | -- | 1,459 | -- |
Investment Required
The fee for a SERVPRO franchise is $42,000 for territories with populations of approximately 50,000-80,000. SERVPRO franchisees may purchase additional territory at a cost of $462 per population of 1,000. Franchisees must also purchase a standard equipment and products package costing $56,500. SERVPRO offers financing for qualifying franchisees. SERVPRO provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $42,000 | $42,000* |
| Vehicle | $600 | $29,000 |
| Equipment and Products Package | $60,250 | $60,250 |
| Supplies | $3,100 | $7,500 |
| Insurance | $3,000 | $3,750 |
| Advertising and Promotions | $250 | $1,500 |
| Expenses While Training | $550 | $1,900 |
| Deposits, Permits and Licenses | $700 | $2,550 |
| Accounting Services, Online Tak Table Service and QuickBooks Pro Training | $600 | $1,500 |
| Xactimate Estimating and Pricing Software and Training | $1,000 | $2,500 |
| Real Estate | $0 | $3,000 |
| Additional Funds (3 Months) | $20,000 | $25,000 |
| Total Initial Investment | $132,050 | $180,450* |
Ongoing Expenses
SERVPRO franchisees pay royalty fees ranging from 3-10% of monthly gross volume, a fixed monthly fee ranging from $45-$115, depending on monthly gross volume, a monthly advertising fee equal to 0.5% of gross volume and an additional advertising fee equal to 2.5% of annual gross volume.
What You Get: Training and Support
SERVPRO prides itself on its comprehensive training program, which begins with a home study program and pre-opening projects designed to help franchise ownerw research and prepare to open their business. Following this, franchisees visit the SERVPRO National Training Center for an extensive program which teaches the basics, demonstrates proper techniques and includes hands-on training in each area of business operation. After training takes place, SERVPRO assigns a Trainer to support the franchise owner throughout set-up and grand opening. Throughout the first year, the franchisee has access to the full SERVPRO support system in order to learn the business while gaining field experience. SERVPRO supports the franchisee through marketing efforts, business growth, and ongoing training sessions.
Territory
SERVPRO does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2011 FDD.
