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Below is an in-depth analysis and side-by-side comparison of Service Team of Professionals vs Rytech including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $48,000 - $144,500 | $128,000 - $160,000 |
Franchise Fee | $48,000 | $35,000 |
Royalty Fee | 5-9% | 8% |
Advertising Fee | - | - |
Year Founded | 1971 | 1995 |
Year Franchised | 1996 | 1996 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 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 | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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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 |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Rytech has steadily grown since its inception in 1995. Insurance claims professionals realize Team Rytech's fresh approach is exactly what the industry has been looking for. Because of our specialized field of work, advanced cutting-edge technology and successful strategies, Rytech is repeatedly recommended for residential and commercial water claims by insurance carrier partners, agencies and adjusters. Our success is driven by selecting highly motivated individuals with drive, dedication and an attitude to excel.