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SERVPRO

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 1,400 franchises covering 49 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.

 

Operating Units

12/31/2006

12/31/2007

12/31/2008

Franchised

1,364

1,427

1,459

% Change

--

4.6%

2.2%

Company-Owned

0

0

0

% Change

--

0.0%

0.0%

Total

1,364

1,427

1,459

% Change

--

4.6%

2.2%

Franchised as % of Total

100.00%

100.00%

100.00%

 

Investment Required

The fee for a SERVPRO franchise is $40,000 for territories with populations of approximately 50,000 to 80,000. SERVPRO franchisees may purchase additional territory at a cost of $444.44 per 1,000 population. Franchisees also must purchase a standard equipment and products package costing $51,000. 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

Franchise Fee

$40,000

$40,000 + $444.44 per 1,000 over maximum population

Vehicle

$600

$28,000

Equipment and Products Package

$51,000

$51,000

Supplies

$3,100

$7,500

Insurance

$3,000

$3,750

Advertising and Promotional Expenses

$250

$1,500

Training Expenses

$550

$1,900

Licenses, Permits and Deposits

$150

$2,000

Accounting Services, Online Tax Service and Software Training

$600

$1,500

Estimating and Pricing Software and Training

$1,000

$2,500

Additional Funds (3 months)

$2,000

$18,500

Real Estate

$0

$3,000

Total Investment

$102,250

$161,150 + $444.44 per 1,000 over maximum population + real estate

 

On-going 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 ½% of gross volume and an additional advertising fee equal to 2½% 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 the franchise owner 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 operating the business.

 

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 certification training.

 

Territory

SERVPRO does not grant exclusive territories.