Servpro is one of the leading franchise opportunities on the market today. For those considering taking up a franchise, Servpro offers an attractive proposition with low start-up costs and a generous return on investment.
In this article, we take a closer look at what you need to know about the Servpro franchise: from its Franchise Fees and Total Investment to training and restrictions, renewal policies, and more.
We’ll also discuss how investing in a Servpro franchise could benefit your future financial success. So if you’re interested in learning more about becoming a part of the Servpro family, read on!
About The Servpro
Servpro is a restoration industry leader whose technicians can quickly respond to any size incident.
Flood and fire damage restoration is SERVPRO’s specialty, and we offer services for residential and industrial locations.
Gadget’s restoration, mold remediation, and biohazard clearance are just a few of the various services provided by the franchise, which vary depending on the region.
Servpro sets itself, besides other post-disaster cleanout and recovery companies, with a well-established, nationally known brand that has won numerous industry honors and awards.
The necessity for restoration services for homeowners prompted the formation of Servpro.
In 1967, Ted and Doris Isaacson established Servpro Industries in Sacramento, California, as a painting company.
They turned the company into a franchisor of clean-up and restoration specialists with experience in cleaning and repair. In the US and Canada, Servpro has more than 1,700 franchises.
Servpro Franchise Model
|Initial investments||$159,325 – $213,200|
|Initial Franchise Fee||$49,000|
|Ongoing Royalty Fee||3% – 10%|
Servpro Franchise Qualifications & Ideal Candidate
- Damage restoration-related industries.
- Residential and commercial construction and remodeling.
- Services for property management (residential, commercial, governmental).
- In the property insurance industry, there is a ready network of contacts.
- Building upkeep is necessary.
- Property insurance knowledge is essential.
- Cleaning and janitorial services for businesses.
- Experience in sales and management.
Servpro Franchise Training & Support
Servpro has been changing the repair industry since 1967. They established a National Training Centre in 1992 to provide restoration and mitigation techniques to Franchise Owners and insurance industry professionals and continued training at the regional level.
You’ll benefit from a 15-day in-house experiential training program at the corporate training center.
The training program includes all you need to know about:
- Restoration after a fire
- Water Purification
- Mold Mitigation
- Carpet and Upholstery Cleaning
Servpro Benefits Of Owning A Franchise
Apart from the freedom that comes with owning a business, there are other advantages to franchising:
Swiftly launching a new business based on a tried-and-true business model.
Franchisors frequently provide in-depth training to franchisees, which is not always available when establishing a business.
Franchisees can take their enterprises to new heights with the supplied knowledge.
Servpro Assistance With Finances
The franchisor might agree to finance a portion of the franchisee’s purchase price if the franchisee has good credit and meets the existing financing conditions.
Servpro Finance, LLC, a franchisor subsidiary, may also agree to provide finance.
The franchisor and its affiliates do not directly or indirectly offer franchisees financing.
Several circumstances will determine franchisees’ ability to acquire finance from the franchisor.
|Initial Investment||$159,325 – $213,200||$69,145 – $204,714|
|Annual Revenue||$640.0K||$25 million|
Frequently Asked Question
What are the earnings of Servpro franchisees?
Servpro franchisees can expect to make around $20 per hour.
What is the total number of Servpro locations?
In the US and Canada, Servpro has over 1,900 locations.
How does Servpro make money?
They charge royalty fees of 10% of total gross sales and advertising fees of 3%.
Is Servpro a franchise?
The SERVPRO franchise is an excellent franchise opportunity that fits all professions, trades, and backgrounds.
How much does a Servpro franchise cost?
Opening a Servpro franchise requires an investment of $159,325 – $213,200 and $49,000 as an initial franchise fee.
Who is the Owner of Servpro?
Servpro Industries, LLC is the parent company of the SERVPRO Franchise System. The company was founded in 1967 by Ted and Doris Isaacson in Sacramento, California.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.