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Below is an in-depth analysis and side-by-side comparison of Servpro vs OpenWorks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $167,575 - $221,450 | $15,000 - $150,000 |
Franchise Fee | $60,000 | $14,000 - $67,500 |
Royalty Fee | 3-10% | 5-10% |
Advertising Fee | 3% | - |
Year Founded | 1967 | 1983 |
Year Franchised | 1969 | 1983 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | Yes/No |
Start-up Costs | No/No | Yes/No |
Equipment | Yes/Yes | Yes/No |
Inventory | Yes/Yes | Yes/No |
Receivables | No/No | Yes/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Business development program | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Regional advertising |
Operations |
Franchise can be run from home. 40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 - 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | No | No |
Founded in 1983, OpenWorks provides cleaning; carpet and upholstery service; hard floor maintenance; pressure washing; window cleaning; day porter; and handyman services for large and small offices, medical facilities, hotels, restaurants and financial institutions. Master franchises are also available nationwide.