|
Below is an in-depth analysis and side-by-side comparison of Servpro including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $167,575 - $221,450 | |
Franchise Fee | $60,000 | |
Royalty Fee | 3-10% | |
Advertising Fee | 3% | |
Year Founded | 1967 | |
Year Franchised | 1969 | |
Term Of Agreement | 5 years | |
Term Of Agreement | 5 years | |
Renewal Fee | - | |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | ||
Franchise Fees | Yes/Yes | |
Start-up Costs | No/No | |
Equipment | Yes/Yes | |
Inventory | Yes/Yes | |
Receivables | No/No | |
Payroll | No/No | |
Training & Support |
||
Training | Business development program | |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
Marketing | Co-op advertising, Ad slicks, National media, 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) |
|
Expansion Plans |
||
US Expansion | Yes | |
Canada Expansion | Yes | |
International Expansion | No |