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PuroClean

2015 Franchise 500
#473
At a Glance

Products & Services: Insurance restoration

Number of Locations: 222

Total Investment: $141.4K - $166.4K

Founded: 1990

Began Franchising: 1991

About PuroClean

Richard D. Spohn and Rory O'Dwyer, two insurance restoration entrepreneurs, joined forces in 1986 to create PuroSystems Inc., a property casualty restoration and reconstruction provider. PuroSystems franchisees repair water, fire and smoke damage and perform structural repairs and reconstruction.

Franchise Units

Year U.S. Canadian International Company Owned
2014 193 29 0 0
2013 198 23 0 0
2012 234 21 0 1
2011 260 18 0 1
2010 298 12 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $141,440 - $166,415
Franchise Fee: $45,000
Ongoing Royalty Fee: 8-10%
Term of Franchise Agreement: 20 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
Franchise can be run from home. 2% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Local grassroots media campaigns

Franchise Ranking History

Franchise 500®: #473 (2015), #455 (2014), #395 (2013), #197 (2012), #99 (2011), #148 (2010),
Fastest-Growing: #56 (2011), #52 (2010),
Top Home-Based: #48 (2012), #26 (2011), #41 (2010),
America's Top Global: #172 (2014), #155 (2012), #84 (2011), #117 (2010),