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SERVPRO
SERVPRO specializes in water and fire damage restoration, with services available for both residential and commercial properties. The franchise offers a variety of additional services that vary upon location, some of which include electronics restoration, mold remediation, and biohazard cleanup, among other services. SERVPRO differentiates from other post-disaster cleanup and restoration competitors through a longstanding, nationally recognized brand that has collected a variety of industry awards and recognitions.
Facts & figures
SERVPRO Franchise Opportunities - History
The SERVPRO franchise began as a painting business located in Sacramento, California. In 1967, owners Ted and Doris Isaacson decided to take a different route with the business and, instead, transformed the company into a cleanup and restoration service. The first SERVPRO franchise sold in 1969 and the brand continued to grow rapidly in the following years, achieving 175 franchised locations by 1979. A decade later, the company relocated its headquarters to Gallatin, Tennessee where it became a major contributor to the small-business community. Today, the franchise has approximately 1,700 locations.
SERVPRO Franchise / Initial Investment / SERVPRO Franchise Income
Total Investment and Initial Franchise Fees
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.
Ongoing Royalties and Program Contributions
SERVPRO franchises must pay an ongoing royalty fee of 3-10% of monthly gross sales and must also contribute a 3% monthly marketing fee toward the franchisor's systemwide marketing program.
SERVPRO Franchise System Size and Composition
SERVPRO has approximately 1,700 locations, of which all but around 15 are located within the United States. There are no company-owned locations. The total franchise system generates around $2 billion of aggregate annual revenue.
