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Entrepreneur: Start & Grow Your Business

PuroClean

Insurance restoration services

Background

Founded: 1990 Franchising since: 1991
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.
6001 Hiatus Rd., #13
Tamarac, Florida 33321
Phone:
(800)775-7876

Franchisee Association
Network Leadership Council

Franchisor is a privately-held company with 32 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 267 4 0 0
2008 223 1 0 0
2007 179 1 0 0
2006 97 1 0 0
2005 82 1 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Exclusive territories not available.
Territory size: 100,000 population

Costs and Fees

Total investment: $68.3K-93.3K
Franchise fee: $45K
Ongoing royalty fee: 8-10%
Term of agreement: 20 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $65K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Marketing skills

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)

Training and Support

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

Rankings

Franchise 500® rank:
#119 (2009); #223 (2007); #321 (2005);

Fastest-Growing Franchises:
#43 (2009); #89 (2007);

Top Home Based Franchises:
#28 (2009); #60 (2007); #86 (2005);

America's Top Global Franchises:
#94 (2009); #172 (2007);