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Below is an in-depth analysis and side-by-side comparison of Servpro vs The Boardwalk Cleaning Co. 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 | $35,000 - $80,050 |
Franchise Fee | $60,000 | $15,000 |
Royalty Fee | 3-10% | 2.5% - 6% |
Advertising Fee | 3% | $750+/mo. |
Year Founded | 1967 | 2003 |
Year Franchised | 1969 | 2013 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | Yes/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Business development program | On-The-Job Training: 3 days Classroom Training: 4 days Additional Training: Ongoing training as needed |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Template s 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) | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 20 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | No | - |