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Entrepreneur: Start & Grow Your Business

Spectrum Home Services

Senior care, home services, mortgage field services

Background

Founded: 2000 Franchising since: 2004
3945 S. 500 W.
Salt Lake City, Utah 84123
Phone:
(800)496-5993/ (801)268-1382


Franchisor is a privately-held company with 0 employee(s); 8 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 35 0 0 0
2008 35 0 0 0
2007 22 0 0 1
2006 13 0 0 1
2005 4 0 0 1

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

Exclusive territories available.
Territory size: 200,000 population

Costs and Fees

Total investment: $75K-120K
Franchise fee: $36K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable


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

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $25K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4
  • Absentee ownership of franchise is NOT allowed.

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week
  • Ongoing support

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • Regional advertising