If you are evaluating business opportunities that offer long-term relevance, consistent demand, and real growth potential, then understanding the SERVPRO franchise cost should be your starting point.
As environmental challenges and disaster-related incidents increase globally, restoration services have become more essential than ever, and SERVPRO is at the forefront of this industry.
Ranked among the top 15 franchises in the 2025 Entrepreneur Franchise 500 and holding the number one position in the restoration category, SERVPRO has more than 2,000 franchises across North America.
The brand has built its reputation on rapid emergency response, specialised restoration technology, and a scalable franchise system that supports both seasoned investors and first-time entrepreneurs.
In this guide, we will break down the actual SERVPRO franchise cost, explore what your investment covers, outline the full application process, and examine the returns and support you can expect as a franchise owner.
Maybe you are looking to transition into a recession-resistant business or expand your existing portfolio, this article provides a complete roadmap to making an informed decision about joining the SERVPRO network.
See also: Proven steps to start a successful business.
Key Takeaways
- The SERVPRO franchise cost ranges from $241,000 to $302,000, covering training, equipment, territory rights, and startup operations.
- Franchisees benefit from a recession-resistant model with national brand recognition, insurance partnerships, and scalable service offerings.
- The application process includes financial vetting, territory selection, legal agreements, and structured onboarding with comprehensive training.
- Entrepreneurs.ng supports aspiring franchisees through strategic business planning and expert consulting via the Entrepreneur Success Blueprint Programme.
Why SERVPRO Is a Top Franchise Opportunity
Franchising with SERVPRO means stepping into an industry with a built-in demand curve. Here are the reasons why SERVPRO is a top franchise choice.
Recession-Resistant Industry With Consistent Demand
SERVPRO operates in the disaster restoration space, a service category that remains in demand regardless of economic cycles. Whether during floods, fire outbreaks, or storm damage, homes and businesses require immediate remediation. This makes restoration a dependable and essential service.
In 2023, the global disaster restoration services market was valued at 41.2 billion US dollars, with projections indicating it will more than double by 2032, reaching over 80 billion US dollars. The sector is growing at a compound annual rate of 7.8 per cent, according to Global Market Insights.
Broad Range of Services That Meet Urgent Needs
SERVPRO franchises do more than basic clean-up. They offer a full range of restoration and remediation services, including water damage repair, fire and smoke restoration, mould removal, storm recovery, and even biohazard and trauma scene cleaning.
These are not luxury services, they are essential responses to damage that, if delayed, can escalate costs and health risks.
Fast and Scalable Emergency Response System
What differentiates SERVPRO from smaller competitors is its nationwide infrastructure and rapid deployment capabilities. Franchises benefit from SERVPRO’s centralised dispatch systems and proprietary restoration tools.
Whether handling a local emergency or being called in as part of a larger regional response, franchisees are backed by an operational model designed for speed, efficiency, and scale.
Strong Brand Recognition and Market Trust
SERVPRO holds a prominent place in the restoration industry. Ranked number one in its category and among the top 15 franchises overall in the 2025 Entrepreneur Franchise 500, SERVPRO’s brand carries weight.
That ranking is based on metrics like system size, franchise support, financial strength, and reputation, and it signals both consumer trust and franchise viability.
Built-In Business Support and Growth Infrastructure
SERVPRO provides franchisees with more than a name. It offers a full support system, from marketing materials and national advertising to operations training and continuous learning.
New owners are not left to figure it out alone, instead, they are guided through a tested business model that prioritises both performance and professional growth.
National Account Access With Insurance Companies
One of the most valuable assets SERVPRO offers is preferred vendor status with leading insurance companies. This gives franchisees a pipeline to restoration jobs that are routed directly through insurance partners.
It reduces the need for aggressive outbound marketing and gives the business a competitive edge from day one.
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SERVPRO Franchise Cost Breakdown
Understanding the SERVPRO franchise cost is essential before taking any concrete steps toward ownership.
This investment is not just about buying into a brand, it is about gaining access to a proven system, operational support, and long-term revenue potential in a service-based industry with consistent demand.
Initial Franchise Fee
To become a SERVPRO franchisee, you will start with an initial franchise fee of 50,000 US dollars. This is a one-time payment that gives you the legal right to operate under the SERVPRO brand and benefit from its nationwide support structure.
The fee also covers your access to training, onboarding resources, and business development support during your setup phase.
Total Startup Investment
The total SERVPRO franchise cost typically ranges between 192,000 and 225,000 US dollars, depending on variables such as location, lease terms, vehicle procurement, and equipment needs. This broader investment figure includes:
- Franchise fee
- Equipment and tools for restoration services
- Vehicle and branding setup
- Office leasehold improvements
- Insurance, licensing, and bonding
- Working capital for initial operations
SERVPRO’s Franchise Disclosure Document (FDD) outlines the specific items that make up these costs. It is advisable to review this document in detail during your discovery phase, as it offers a complete view of the financial commitment required.
Working Capital Requirements
To operate smoothly during your early months, you will need between 60,000 and 110,000 US dollars in working capital. This amount is used for expenses such as payroll, supplies, marketing, fuel, and utilities.
The need for solid cash flow planning is especially important in this industry, where many jobs are insurance-backed and payments can be delayed.
Equipment and Vehicle Costs
SERVPRO franchises require specialised equipment such as air movers, dehumidifiers, moisture detection meters, and cleaning agents.
You will also need one or more branded service vehicles, depending on your territory size and projected job volume. These vehicles serve as mobile workshops and are critical to your operational readiness.
Optional and Ongoing Fees
In addition to the initial SERVPRO franchise cost, you should be aware of ongoing royalty and advertising fees. Franchisees typically pay:
- A royalty fee of 3 to 10 per cent of gross revenue (variable depending on revenue tier)
- A national advertising fee of around 3 per cent of gross revenue
These fees help maintain national marketing efforts, R&D, training updates, and support infrastructure. In exchange, you benefit from ongoing brand exposure and system improvements across the franchise network.
Financing Options
If you do not have immediate access to the full startup capital, you can explore financing through banks, private investors, or the US Small Business Administration (SBA).
SERVPRO is listed in the SBA Franchise Directory, which means it meets the SBA’s eligibility standards for funding support. Some franchisees also tap into equipment leasing or vendor financing programs to reduce upfront cash outlays.
See also: Boba Tea Franchise Cost: A Thorough Investment and Startup Guide
What the SERVPRO Franchise Investment Covers
The SERVPRO franchise cost is more than a price tag. It is an investment in a fully supported business model with access to equipment, training, marketing tools, and ongoing operational guidance.
Understanding what your money is funding will help you evaluate the true value of the opportunity and avoid unexpected surprises during setup.
Access to the SERVPRO Franchise System
Your initial franchise fee grants you full licensing rights to operate under the SERVPRO brand. This includes the use of all trademarks, systems, and proprietary technology that support daily operations.
You are also given access to the company’s Franchise Resource Centre, which acts as your first point of contact for technical assistance, operations support, and job execution guidance.
Comprehensive New Franchise Training Programme
Included in your investment is the SERVPRO New Franchise Training Programme (NFTP), a mandatory onboarding course held at the company’s headquarters in Gallatin, Tennessee.
The training combines classroom instruction with hands-on field learning across the full scope of restoration services- water extraction, drying, mould remediation, fire damage cleanup, and more.
You will also complete online e-learning modules designed for both owners and staff. These are useful for continuous training and help new employees get up to speed quickly, especially as your team expands.
Dedicated Business Development Support
Once onboarded, you will be paired with a Business Development Programme Specialist. This person will help you build your operational plan, create a local market strategy, and guide you through your early-stage business decisions.
From pricing jobs to staffing your team and managing customer relations, this hands-on support is crucial during your first year of operation.
Pre-Opening Assistance and Site Setup
Part of your SERVPRO franchise cost covers initial setup assistance. This includes help with territory planning, office leasehold improvements, signage, and procurement of branded uniforms, printed materials, and digital assets.
SERVPRO provides a launch checklist that walks you through every pre-opening requirement, from ordering equipment to setting up insurance and compliance documentation.
In most cases, the physical setup of your operations base, including equipment installation and branding, can be completed within a few weeks.
Marketing Materials and National Advertising Support
Franchisees receive a startup marketing kit that includes digital and print-ready advertising assets tailored for your territory. You will also be added to SERVPRO’s national advertising campaigns, which cover television, digital platforms, and partnerships with insurance companies.
Being listed as a preferred vendor on these platforms can lead to direct job referrals and insurance-backed projects.
The advertising fee you contribute goes into collective branding efforts that keep SERVPRO top of mind among customers and insurers, both locally and nationally.
Proprietary Technology and Job Management Systems
SERVPRO provides access to proprietary job management software and customer relationship management tools.
These platforms are designed to streamline scheduling, job tracking, invoicing, and customer communication, giving you full control and transparency over your operations.
Many of these tools are integrated with insurance platforms, which speeds up the billing process and improves reporting accuracy. This becomes increasingly important as your job volume grows and you begin to manage multiple crews.
Ongoing Operational and Technical Support
Beyond launch, SERVPRO continues to support you with dedicated regional managers, peer-to-peer franchisee groups, field audits, and continuing education resources.
You are not just buying a business, you are entering a network that is invested in your success.
From technical assistance during complex restoration jobs to updates on new regulations or technologies, this ongoing support is a core reason many franchisees stay in the system long term.
See also: Best Italian Food Franchises to Invest in.
How to Apply for a SERVPRO Franchise
Starting your SERVPRO franchise journey begins with a clear and structured application process. The company has built a thorough vetting system to ensure franchisees are financially qualified, strategically located, and aligned with the brand’s operational standards.
Here’s how to apply for a SERVPRO franchise in six actionable steps.
Step 1: Submit an Initial Franchise Inquiry
Your first step is to express your interest by submitting a franchise inquiry form through SERVPRO’s official website.
Alternatively, you can call 1-800-826-9586 to speak directly with a franchise development representative. During this initial contact, you will receive basic information about the opportunity and a Request for Consideration form.
This form captures details about your financial background, business experience, and preferred location. It helps SERVPRO determine if you meet the preliminary eligibility criteria.
Step 2: Undergo Financial Screening and Qualification
Once your initial inquiry is reviewed, SERVPRO will ask for supporting financial documents to verify your ability to meet the investment requirements. This includes proof of:
- A minimum net worth of 200,000 to 300,000 US dollars
- At least 100,000 US dollars in liquid capital
These requirements ensure you can fund startup costs and sustain operations during the early months of business. If you meet these thresholds, you will move forward to the discovery stage.
Step 3: Join the Franchise Discovery Process
The discovery process is where you learn more about the SERVPRO franchise model and begin your due diligence. You will receive the Franchise Disclosure Document (FDD), which outlines financial performance representations, legal terms, and support details.
You will also meet virtually or in person with SERVPRO’s corporate team. These sessions give you a deeper understanding of the business, from territory management to restoration protocols.
During this phase, it is common to participate in validation calls with current franchisees, offering real-world insights into day-to-day operations.
Step 4: Select and Analyse Your Franchise Territory
After completing discovery, you will work with SERVPRO to review and select your territory. Territory analysis includes:
- Demographic research
- Competitor mapping
- Disaster risk profiling
- Property density evaluation
SERVPRO ensures each territory is protected and offers scalable growth without overlap from other franchisees. This is a critical step, as your territory can significantly influence your business volume.
Step 5: Review and Sign the Franchise Agreement
Once you and SERVPRO agree to move forward, you will receive your franchise agreement. This legal document outlines your rights and obligations, royalty structure, operational standards, and terms of renewal. Take time to review it with legal counsel before signing.
Upon signing, SERVPRO will initiate onboarding and begin planning your participation in the New Franchise Training Programme. Your file will be formally approved by the franchise development team after a final background and reference check.
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Step 6: Begin Onboarding and Pre-Launch Preparation
After the agreement is finalised, SERVPRO assigns you a team of onboarding specialists to assist with everything from equipment purchasing to site setup. You will also be scheduled to attend the next NFTP training session in Gallatin, Tennessee.
In the meantime, you will work with your assigned Business Development Programme Specialist to complete pre-training modules, organise insurance, and finalise logistics. Y
our marketing setup, vehicle branding, and job management software installation will also begin during this phase.
From the moment your franchise agreement is signed, it typically takes a few weeks to complete all pre-launch activities and prepare for a successful business opening.
See also: Best Franchises to Own for Beginners: Top Opportunities for First-Time Entrepreneurs
SERVPRO Franchise Requirements and Qualifications
Before moving forward with your application, it is important to understand the key requirements that determine whether you are a good fit for the SERVPRO franchise model.
These include financial criteria, personal attributes, geographic considerations, and your level of involvement in the business.
Financial Requirements for SERVPRO Franchisees
To qualify for ownership, you must meet specific financial benchmarks. These are not arbitrary, they ensure that franchisees can meet startup obligations and maintain cash flow during the business’s critical early phase.
You are expected to have:
- A net worth of 200,000 to 300,000 US dollars
- At least 100,000 US dollars in liquid capital
These figures cover franchise fees, initial equipment purchases, site setup, insurance, and operating expenses during your ramp-up period.
If you plan to finance part of your investment, SERVPRO is listed in the SBA Franchise Directory, making it easier to access small business loans and government-backed funding.
Business and Leadership Experience
Although previous experience in restoration or construction is not mandatory, SERVPRO looks for candidates who demonstrate leadership ability, business acumen, and operational discipline.
Ideal franchisees have backgrounds in team management, service delivery, or customer-facing industries.
More than technical knowledge, SERVPRO values people who can make decisions under pressure, lead field crews, manage cash flow, and build long-term customer relationships.
If you have managed a business or supervised teams in high-stakes environments, you will likely adapt well to the SERVPRO system.
Personal Involvement and Owner-Operator Commitment
SERVPRO prefers an owner-operator model, where the franchisee is actively involved in daily business operations. This ensures quality control, fast decision-making, and a stronger connection with customers and staff.
If you are an investor seeking a passive opportunity, you are still welcome to apply, but you will need to appoint a qualified and dedicated general manager who meets SERVPRO’s leadership expectations.
This requirement helps maintain the company’s high service standards across all franchises and contributes to its preferred status with insurers and property managers.
Territory and Demographic Considerations
Another factor that influences your eligibility is the availability and profile of the territory you are interested in. SERVPRO evaluates regions based on:
- Residential and commercial property density
- History of weather-related incidents and insurance claims
- Local competition
- Market saturation
Territories are designed to be exclusive and scalable, allowing you to grow without overlapping with other franchisees. High-growth regions include areas with frequent storms, ageing infrastructure, or a large base of insured properties.
Character and Cultural Fit
Finally, SERVPRO assesses your alignment with its brand values. The company seeks franchisees who are community-minded, service-oriented, and committed to upholding the brand’s professional reputation.
Trustworthiness, attention to detail, and a willingness to follow an established system are all qualities SERVPRO values in its partners.
SERVPRO Training and Support Programme
One of the strongest advantages of the SERVPRO franchise model is the extensive training and support structure offered to all new owners.
From onboarding to hands-on learning and post-launch mentorship, SERVPRO has created a system that prepares entrepreneurs for success, even without a background in restoration, just like what we offer in the Entrepreneurs Success Blueprint Program.
The New Franchise Training Programme (NFTP)
The core of the onboarding process is the New Franchise Training Programme, held at SERVPRO’s headquarters in Gallatin, Tennessee.
This programme combines classroom instruction with real-world simulations to give you a full understanding of how to manage and grow your franchise.
The training covers:
- Water and fire damage restoration protocols
- Mould remediation techniques
- Equipment handling and safety procedures
- Business operations and scheduling systems
- Customer service best practices
- Marketing and local outreach strategies
Instructors include experienced restoration professionals and SERVPRO support staff who guide you through case scenarios, teach technical skills, and walk you through job management tools. This ensures that you are confident and capable by the time you launch your business.
E-Learning and Ongoing Training Resources
Beyond the in-person training, SERVPRO provides access to e-learning modules for both you and your employees. These resources are available 24/7 and cover new procedures, safety updates, and operational strategies.
They are especially useful for onboarding new staff or refreshing your team’s knowledge as your business grows.
Franchisees also receive updated modules when regulations change or when SERVPRO introduces new technologies, ensuring your knowledge stays current.
Personalised Business Development Support
Each new franchisee is paired with a Business Development Programme Specialist during the onboarding period. This person works with you to complete your launch checklist, create a go-to-market strategy, and set achievable business goals for your first 12 months.
This support is not just administrative, it is strategic. The specialist helps you:
- Identify local referral networks
- Create pricing structures
- Develop staffing plans
- Monitor early performance metrics
You also gain access to peer support groups, where you can connect with other franchisees, share insights, and learn from different regions’ challenges and successes.
Field and Technical Support Teams
SERVPRO’s regional teams are available to provide on-the-ground support during and after your launch. This can include:
- Job site assistance for complex or high-volume projects
- Equipment troubleshooting
- Local marketing execution
- Field audits and operational reviews
Whether you are responding to your first storm surge or managing multiple restoration jobs in a week, you will have access to professionals who understand both the technical and business sides of restoration work.
National Advertising and Marketing Guidance
New franchisees receive a complete marketing toolkit, including digital creatives, print materials, branded uniforms, and access to national advertising campaigns.
You are also listed in SERVPRO’s national customer database and online platforms, which helps direct job inquiries straight to your franchise.
Marketing support includes help with:
- Launch campaigns
- Search engine optimisation for your local market
- Social media strategy
- Customer retention systems
This national-to-local approach ensures that your business gets visibility from day one while allowing you to grow brand equity in your own territory.
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Challenges to Expect as a SERVPRO Franchisee
While SERVPRO offers a proven system and solid industry backing, owning a franchise in the restoration business comes with its own set of challenges.
These are not deal-breakers, but they do require preparation, flexibility, and strong business discipline. Understanding these realities from the start will help you plan effectively and avoid surprises down the line.
Managing Seasonal Fluctuations in Demand
One of the key challenges in restoration services is seasonal volatility. Franchisees often experience spikes in job volume during storm seasons, floods, or extreme weather events, followed by slower periods in more stable months.
Your business needs to be financially and operationally prepared for this. That means maintaining a cash reserve during high-revenue months to cover fixed costs when demand softens. Planning for cyclical fluctuations is part of building a resilient restoration business.
Staffing for Emergency and Surge Events
Restoration is not a nine-to-five business. When disaster strikes, customers expect fast, sometimes immediate service.
That means having a reliable team available at all hours or access to on-call labour when demand suddenly increases.
Recruiting, training, and retaining skilled technicians who are willing to respond during odd hours or stressful conditions can be a challenge.
You also need systems in place to scale your workforce temporarily during major storm events or multi-site projects.
Navigating the Learning Curve of Technical Services
Even with SERVPRO’s comprehensive training, there is a learning curve, especially if you are new to the restoration industry.
Understanding moisture readings, mould remediation procedures, safety standards, and insurance-related documentation requires both classroom learning and field experience.
In the first few months, you may need to rely heavily on technical support, spend extra time on jobs, and continually study best practices. Ongoing learning and real-time problem solving are part of the job, particularly in your first year.
Cash Flow Management with Insurance-Backed Jobs
A significant portion of SERVPRO’s work comes through insurance referrals. While these projects often offer reliable volume, payment timelines can be unpredictable.
Insurance companies may delay reimbursements due to documentation reviews, approval cycles, or policyholder disputes.
As a result, franchisees need strong cash flow planning and enough working capital to bridge the gap between job completion and payment. This includes covering payroll, fuel, equipment maintenance, and office expenses during the waiting period.
Balancing Hands-On Operations with Strategic Growth
SERVPRO prefers owner-operators who are actively involved in the business. While this offers better quality control and faster decision-making, it also means that early-stage franchisees must juggle fieldwork, customer service, staff supervision, and marketing all at once.
Finding time to work on the business, rather than always in it, can be difficult during the early stages. This is where planning, delegation, and having a competent team become essential for scaling your operations effectively.
Return on Investment and Long-Term Profitability
Understanding the SERVPRO franchise cost is one part of the equation, the other is knowing what kind of return you can expect. While no franchise can guarantee profit margins, SERVPRO’s model is designed to help owners build long-term value in a business with steady demand and national backing.
Potential Earnings and Revenue Growth
Franchisees’ revenue potential varies by region, territory size, and owner engagement. While SERVPRO does not publish average earnings across its network, Entrepreneur.com reports that top-performing locations can generate annual revenues in the range of 750,000 to over 1 million US dollars.
Factors that influence earnings include:
- Frequency of weather-related events in your area
- Relationships with local insurance providers
- Territory demographics and property density
- Efficiency of your team and operational systems
Most SERVPRO franchisees reach profitability within the first 12 to 24 months, depending on how aggressively they market their services and scale their operations.
High Demand for Insurance-Driven Restoration Work
One of SERVPRO’s key revenue advantages is its preferred vendor status with leading insurance companies. This means that your business can receive steady job referrals directly from insurers when policyholders file damage claims.
This built-in lead pipeline reduces your dependency on cold marketing efforts and creates a recurring stream of projects, especially during storm seasons or after major disaster events.
Insurance-funded restoration tends to be more consistent in volume than purely customer-initiated jobs.
Expansion Opportunities Within the Franchise Network
As your business matures and cash flow stabilises, SERVPRO offers the opportunity to expand your territory or acquire adjacent regions. Multi-unit ownership is common among experienced franchisees who want to increase market share and build a larger operation.
Franchisees who demonstrate strong performance, compliance, and leadership are often given priority when new areas become available, especially in high-growth markets or after company-led expansion.
Value Appreciation and Exit Strategy Potential
Owning a SERVPRO franchise is not just about generating income, it also builds an asset that can be sold in the future. Because the brand is nationally recognised and the restoration market continues to grow, resale value for well-run franchises can be attractive.
Established SERVPRO franchises with recurring revenue and trained staff have been known to sell for multiples of their annual earnings.
This makes it a potential long-term investment that retains and grows value over time, offering an exit strategy for owners looking to retire or reinvest in new ventures.
Business Sustainability in a Non-Discretionary Market
Unlike businesses dependent on consumer trends or seasonal retail cycles, SERVPRO operates in a needs-based industry. When property damage occurs, professional intervention is not optional, it is urgent. This means you are operating in a market with built-in resilience, even during economic downturns.
The consistency of demand is one reason SERVPRO continues to rank highly in franchise rankings and attracts both first-time entrepreneurs and seasoned investors seeking portfolio diversification.
How Entrepreneurs.ng Supports Your SERVPRO Franchise Journey
At Entrepreneurs.ng, we work with entrepreneurs who are serious about building structured, profitable businesses. Through our tailored programmes and consulting services, we provide the strategic support you need before and after your franchise launch.
The Entrepreneur Success Blueprint Programme
Our Entrepreneur Success Blueprint Programme is designed to walk you through the critical steps of building a successful business foundation. If you are planning to invest in a SERVPRO franchise, this programme gives you access to expert-led guidance on business planning, market research, operations setup, and strategic decision-making.
Ask an Expert: Personalised Consulting
If you need clarity on a specific part of your business journey, whether it is reviewing your business plan, structuring your finances, or mapping your operational rollout, our Ask an Expert service with a member of Forbes Coaches Council offers on-demand consulting tailored to your needs.
Conclusion
The SERVPRO franchise model is built for entrepreneurs who want to operate in a dependable, high-demand industry.
With a recognised brand, proven systems, and strong support infrastructure, SERVPRO offers a clear path to owning a service-based business that holds up in any economy.
From understanding the SERVPRO franchise cost to navigating the application process and preparing for launch, every stage requires preparation and clarity.
As with any serious business decision, having the right support can make all the difference and that is where Entrepreneurs.ng comes in.
We want to see you succeed, and that’s why we provide valuable business resources to help you every step of the way.
- Register your business today with Entrepreneurs.ng’s Business Registration Services.
- Tell Your Brand Story on Entrepreneurs.ng, let’s showcase your brand to our global audience.
- Need help with your marketing strategy? Get a Comprehensive Marketing and Sales Plan here.
- Sign up for our Entrepreneurs Success Blueprint Programme to learn how to start and scale your business in just 30 days.
- Book our one-on-one consulting and speak to an expert about structuring and growing your business.
- Visit our shop for business plan templates and other valuable resources to guide you.
- Get our Employee-Employer Super Bundle NDA templates to legally protect your business and workforce.
- Join over 21,000 entrepreneurs by signing up for our newsletter and receiving valuable business insights.
Frequently Asked Questions About SERVPRO Franchise Cost and Ownership
What is the total investment required to open a SERVPRO franchise?
The total investment to open a SERVPRO franchise typically ranges from $241,000 to $302,000. This includes the initial franchise fee, equipment, supplies, insurance, and working capital. The exact amount may vary based on factors like location and facility type.
How much is the initial franchise fee for SERVPRO?
The initial franchise fee for a SERVPRO franchise is $49,000. This fee grants you the license to operate under the SERVPRO brand and access to their training and support systems.
Are there ongoing fees associated with owning a SERVPRO franchise?
Yes, SERVPRO franchisees are required to pay ongoing fees, including:
- Royalty Fee: Ranging from 3% to 10% of gross revenue, depending on the franchise’s performance and sales volume.
- Marketing Fee: Typically 3% of gross sales, contributing to national advertising efforts
What are the financial requirements to become a SERVPRO franchisee?
Prospective SERVPRO franchisees should have:
- Minimum Net Worth: $250,000
- Liquid Capital: At least $100,000.
These financial requirements ensure that franchisees can cover startup costs and sustain operations during the initial phase.
What training and support does SERVPRO provide to new franchisees?
SERVPRO offers comprehensive training and support, including:
- New Franchise Training Program (NFTP): A 15-day hands-on course covering fire and water restoration, mold mitigation, and more.
- Ongoing Support: Access to a Business Development Program Specialist, field consultants, and e-learning modules for continuous education.
How long does it take to open a SERVPRO franchise?
The timeline to open a SERVPRO franchise can vary, but generally includes:
- Application and Approval: Several weeks to complete the application, due diligence, and receive approval.
- Training and Setup: Approximately 45 days for training and operational setup before commencing business operations.
Can I own multiple SERVPRO franchise territories?
Yes, while new franchisees typically start with one territory, there is potential to acquire additional territories over time, subject to performance and approval by SERVPRO.
What is the typical return on investment (ROI) for a SERVPRO franchise?
While specific ROI figures can vary, SERVPRO franchises benefit from:
- Established Brand: Recognition in the restoration industry.
- Preferred Vendor Status: Relationships with major insurance companies, leading to consistent job referrals.
- Scalability: Opportunities to expand services and territories.
These factors contribute to the potential for a favourable ROI over time.
Are there financing options available for starting a SERVPRO franchise?
Yes, SERVPRO offers financing options for qualified applicants, and the franchise is listed in the SBA Franchise Directory, making it eligible for Small Business Administration loans.
What territories are available for SERVPRO franchises?
SERVPRO has over 2,300 franchise locations across the U.S. and Canada. Territory availability varies, and prospective franchisees should consult with SERVPRO’s franchise development team to identify open markets.
How can Entrepreneurs.ng assist in starting a SERVPRO franchise?
Entrepreneurs.ng offers services to support prospective franchisees, including:
- Business Planning: Developing comprehensive business plans tailored to franchise requirements.
- Consulting Services: Providing expert advice on business setup, operations, and growth strategies.
These services can help streamline the process of launching and managing a successful SERVPRO franchise.
