Servpro
#4

Initial Investment

LOW: $141,550
HIGH: $191,200

Change in Units

+1.8% +30 UNITS (1 Year)
+4.7% +80 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1967

Franchising Since

1969 (47 Years)

Corporate Address

801 Industrial Blvd. Gallatin, TN 37066

CEO

Sue Steen

Parent Company

Servpro Industries Inc.

About Servpro

Servpro started out in 1967 as a painting business. Two years later, founders Ted and Doris Isaacson began franchising it as a cleaning and restoration company. In 1988, they moved the company from Sacramento, California to Gallatin, Tennessee in order to be within 600 miles of 50 percent of the U.S. population.

Servpro franchisees specialize in disaster restoration, offering cleanup and repairs to both commercial and residential customers whose property has suffered fire or water damage. They also offer mold remediation, carpet and upholstery cleaning, air duct and HVAC cleaning, and other related services.

Financials

Financial Requirements

Initial Investment

$141,550 - $191,200

Liquid Cash Requirement

$85,000

Ongoing Fees

Initial Franchise Fee

$45,000

Ongoing Royalty Fee

3-10%

Ad Royalty Fee

3%

Financing Options

Servpro offers in-house financing to cover the following: franchise fee, equipment, inventory

Servpro has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Franchise 500® Rank History

Highest Rank: 4

Lowest Rank: 43

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 2.5 weeks

Additional Training: Business development program

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 5 - 10

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 6th, 2015

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