Servpro Franchise
Sunday, January 31, 2010 at 02:49PM Residential and commercial cleaning services
Founded in 1967 by Ted and Doris Isaacson, Servpro Industries, Inc. is now the nation’s leading disaster restoration and cleaning franchise system with over 1,300 franchise business owners in 49 states.
SERVPRO’s professional services network, which has relationships with major insurance companies, responds to property damage emergencies ranging from multi-million dollar disasters affecting entire communities to those suffered by individual businesses and homeowners.
Start-up Costs & Franchises Fees
What is the total cost to open a Servpro Franchises?
Total Cost: $100,300-$161,200
Total Franchise Fees: $36,000 USD
Ongoing Royalty Fees: 3-10%
Ongoing Advertising Fees: Not Available
Term of Agreement: 5 years
Contact Information for Servpro
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Servpro Industries Inc. |
Phone Number: (615)451-0600 |
Servpro In the Press
No results at this time.Historical Expansion
In what year did Servpro begin operations? 1967
When did Servpro begin selling franchises? 1969
Year United States Canada International Corporate 2005 1248 0 0 0 2004 1216 0 0 0 2003 1165 0 0 0 2002 1142 0 0 0 2001 1069 0 0 0
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes Yes Initial Start-up Capital No No Plant, Property, and Equipment Yes Yes Inventory Yes Yes Accounts Receivable No No Payroll No No
Training & Support
Training
Business development program
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.40% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 5 - 10
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes