| ||||
Updated RecentlyService Team of Professionals vs Water Out Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Service Team of Professionals vs Water Out including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $48,000 - $144,500 | N/A |
| Franchise Fee | $48,000 | N/A |
| Royalty Fee | 5-9% | - |
| Advertising Fee | - | - |
| Year Founded | 1971 | 2001 |
| Year Franchised | 1996 | 2003 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | On-The-Job Training: 32 hours Classroom Training: 124 hours Additional Training: Training conventions | - |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Proprietary Software | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
| Operations |
Franchise can be run from home. 5% of all franchisees own more than one unit - 10
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Service Team of Professionals
Service Team of Professionals (STOP) was founded in 1971 by Mack Clark, a former employee with General Dynamics, Honeywell and BF Goodrich. STOP franchisees specialize in fire, smoke and water damage cleanup and restoration, deodorizing, and carpet and furniture repair.
The total investment necessary to begin operation of a STOP franchise
business ranges from $48,000 (for an existing cleaning company not
requiring a work vehicle, additional equipment nor certain training that
we require each franchisee to have) or from $83,700 to a high
investment range of $144,500 for both start-up and existing companies.
This includes $80,000 to $82,000 that must be paid to the franchisor or
their affiliates.
#122 on Entrepreneur's ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees
Veteran Incentives 10% off franchise fee
About Water Out