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2021 Franchise 500 Rank
#10 Ranked #27 last year
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Initial investment
$168K - $221K
Units as of 2020
1,841 10.2% over 3 years

Company Overview

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.

About Servpro

Industry
Maintenance
Founded
1967
Parent Company
Commodore Parent Holdings LLC
Leadership
Richard Isaacson, CEO

Franchising Overview

Franchising Since
1969 (52 years)
# of employees at HQ
453
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
1,841 (as of 2020)

Franchisor Information

Corporate Address
801 Industrial Blvd.
Gallatin, TN 37066

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Servpro franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$60,000
Initial Investment
$167,575 - $221,450
Cash Requirement
$105,000 - $110,000
Veteran Incentives
20% off franchise fee
Royalty Fee
3-10%
Ad Royalty Fee
3%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Servpro offers in-house financing to cover the following: franchise fee, equipment, inventory
Third Party Financing
Servpro has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80.5 hours
Classroom Training
130 hours
Additional Training
Business development program
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Servpro landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Servpro ranked on other franchise lists? Find out below.

Ranked #10

Franchise 500 Ranking

Ranked #18

Fastest-Growing Franchises

Ranked #42

Top Global Franchises

Ranked #13

Fastest-Growing Franchises (U.S. & Canada)

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021