- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$188K - $312K
- Units as of 2024
-
76 171.4% over 3 years
DRYmedic Restoration Services, previously known as Service Team of Professionals, or STOP Restoration, is a property damage restoration business dedicated to helping those affected by life's challenges. DRYmedic Restoration Services offers water, fire, and smoke damage restoration, mold remediation, and biohazard cleanup.
DRYmedic is part of Authority Brands, a parent company which also franchises a number of other home service brands, including The Cleaning Authority, Screenmobile, Mosquito Squad, Monster Tree Service, Junkluggers, Color World Painting, Mister Sparky, ASP-America's Swimming Pool Company, Benjamin Franklin Plumbing, and more.
Why You May Want to Start a DRYmedic Restoration Services Franchise
DRYmedic Restoration Services is looking for a franchisee who is dedicated to outstanding service, hungry for growth, and enjoys having fun. The ideal candidate is resourceful, timely, dedicated, and persistent. If this tenacious spirit of ingenuity sounds like you, opening a DRYmedic Restoration Services location may be easier than ever.
DRYmedic Restoration Services’ business model believes in starting small and allowing the franchisee to choose which services they wish to offer when you get started. You can then expand your services later once you're comfortable operating the franchise under the proven business model.
With fairly frequent natural disasters and accidents, large and small, services may be required to meet needs and get clients back on their feet and into their homes. While these occurrences are unfortunate, DRYmedic Restoration Services is there to help.
What Might Make a DRYmedic Restoration Services Franchise a Good Choice?
Opening a SDRYmedic Restoration Services franchise may have a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
How To Open a DRYmedic Restoration Services Franchise
To be part of the DRYmedic Restoration Services family, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
As you decide if opening a DRYmedic Restoration Services franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a DRYmedic Restoration Services franchise would do well in your community. While competition is healthy, too much of it may not allow for possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the DRYmedic Restoration Services franchising team questions.
It may be a good idea to speak with a financial advisor or attorney in order to ensure that you are prepared to own and operate a DRYmedic Restoration Services franchise.
Company Overview
About DRYmedic Restoration Services
| Industry | Maintenance |
|---|---|
| Related Categories | Restoration Services, Miscellaneous Home-Improvement Businesses, Miscellaneous Maintenance Businesses, Cleaning/Restoration |
| Founded | 1971 |
| Parent Company | Authority Brands |
| Leadership | Carlos Hesano, President |
| Corporate Address |
7120 Samuel Morse Dr., #300 Columbia, MD 21046 |
| Social | Facebook, LinkedIn |
Business Overview
| Franchising Since | 1996 (28 years) |
|---|---|
| # of employees at HQ | 1,736 |
| Where seeking |
This company is offering new franchises in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 76 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a DRYmedic Restoration Services 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
|
$45,000 |
|---|---|
|
Initial Investment
|
$187,970 - $311,770 |
|
Net Worth Requirement
|
$400,000 |
|
Cash Requirement
|
$75,000 |
|
Veteran Incentives
|
30% off franchise and additional population fees |
|
Royalty Fee
|
5%-7% |
|
Ad Royalty Fee
|
$595+/mo. |
|
Term of Agreement
|
10 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 | DRYmedic Restoration Services offers in-house financing to cover the following: franchise fee |
|---|
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 | 48 hours |
|---|---|
| Classroom Training | 48 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 0-10 |
|
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where DRYmedic Restoration Services ranked on other franchise lists? Find out below.
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