Servpro Franchise Offers - Cost & Fees
Servpro is a franchisor of fire and water cleanup and restoration franchises in the United States and Canada. The franchise system provides localized services as well as large scale disaster recovery. It is headquartered in Gallatin, Tennessee.
Ted and Doris Isaacson launched Servpro Industries in 1967 as a painting business in Sacramento, California. With a background in cleaning and restoration, they transformed the company into a franchisor of cleanup and restoration specialists.
Servpro consists of more than 1,700 franchises in the United States and Canada.
How to open a Servpro franchise?
-
Ensure you have adequate capitalization.
In order to open a Servpro franchise, you must have a net worth of more than $159,000. -
Appreciate the investment required for a restoration services franchise.
You will need to consider the cost of equipment and products, the costs of licenses and permits, the cost of uniforms etc. -
Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Servpro franchise owner. -
Assess market availability.
You will want to look at the market availability for Servpro franchises and see if there are available markets in your location of interest before proceeding with the franchising application. -
Submit your application.
Your application will be reviewed by the Servpro franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. -
Receive approval & opening your Servpro franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Servpro franchise cost?
Servpro has the franchise fee of up to $49,000, with total initial investment range of $159,325 to $213,200.
Initial investments: $159,325 - $213,200
Liquid Cash Requirement: $105,000 - $110,000
Servpro Estimated Initial Investment
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $49,000 | $49,000 plus $539 per 1,000 population over maximum |
| Vehicle | $2,000 | $35,000 |
| Equipment and Products Package | $67,000 | $67,000 |
| Supplies | $3,850 | $8,500 |
| Insurance | $4,000 | $5,750 |
| Advertising and Promotional | $250 | $1,500 |
| Training, Travel, Lodging and Food | $550 | $1,900 |
| Deposits, Permits and Licenses | $700 | $2,550 |
| Legal & Professional Fees, Accounting Services, On¬Line Tax Table Service and QuickBooks Pro Training | $975 | $1,500 |
| Xactimate Estimating and Pricing Software and Training | $1,000 | $2,500 |
| Additional Funds - 3 months | $30,000 | $35,000 |
| Real Estate | $0 | $3,000 |
| Estimated Total | $159,325 | $213,200 + $539 per 1,000 over maximum population plus any real estate costs |
Ongoing Fees
Initial Franchise Fee: $49,000
Ongoing Royalty Fee: 3% - 10%
Ad Royalty Fee 3%
Support Options
On-The-Job Training: 88.5 hours
Classroom Training: 134.5 hours
Additional Training: Business development program
Number of Employees Required to Run: 5 - 10
Servpro Franchise Info: https://www.servpro.com/franchise-advantages
-
Starting investments from:$159,325
-
Company type:Service
- Company foundation year1967
- Year of launching the franchise1969
- Franchise enterprises:1,763
- Corporate Address:801 Industrial Boulevard, Gallatin, TN 37066, USA
- Units in USA:100+
- Units in Canada:+5
- Units in Finland:1