
Iris Environmental Laboratories
Mold and asbestos inspections- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$31K - $63K
- Units as of 2022
-
10 150.0% over 3 years
Iris Environment Laboratories is a mobile business franchise specializing in mold and asbestos inspections, testing, and clearance certification for home and commercial establishments. The brand currently serves many clients, including asbestos and mold remediation companies, doctors, real estate agents, township officials, and the U.S. military.
Founded in Union, New Jersey, in 2012, Iris Environmental Laboratories is a joint project of two brothers who have decades of combined experience in business management, public regulation, and mold and asbestos inspections and testing. In 2018, Iris Environmental Laboratories began franchising the business. It has since grown to several franchises located in select states.
Why You May Want To Start an Iris Environmental Laboratories Franchise
Iris Environmental Laboratories is looking for franchisees who enjoy working with people in the field and are happy to make a difference in the lives of people. Whether or not you have experience in the industry, Iris Environmental Laboratories will provide training, particularly in three specialties - asbestos building inspection, asbestos air monitoring, and mold inspection. You may not need any prior experience in asbestos and mold testing to open an Iris Environmental Laboratories franchise.
Once you are certified, you should be ready to perform residential and commercial inspections. However, your success as an Iris Environmental Laboratories franchisee will ultimately depend on your willingness to learn and work with the franchise development team.
What Might Make an Iris Environmental Laboratories Franchise a Good Choice?
While Iris Environmental Laboratories is not alone in its industry, several things may make it stand out. One is its all-digital operational system, which is in place to increase efficiency with every transaction. Iris Environmental Laboratories strives to be environmentally friendly in its approach to inspections, and its pricing may be highly competitive. They believe the accuracy of their inspection results has been proven through the years, as has the quality of its customer service.
Opening an Iris Environmental Laboratories could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
How To Open an Iris Environmental Laboratories Franchise
To be part of the Iris Environmental Laboratories team, 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 an Iris Environmental Laboratories 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 an Iris Environmental Laboratoriesfranchise would do well in your community. While competition is healthy, too much of it may not allow for the most 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 Iris Environmental Laboratories franchising team questions.
Company Overview
About Iris Environmental Laboratories
Industry | Services (Other) |
---|---|
Related Categories | Miscellaneous Services, Miscellaneous Maintenance Businesses, Home Inspections, Miscellaneous Business Services |
Founded | 2012 |
Parent Company | Bioterra Environmental Solutions, IRIS Alliance LLC |
Leadership | Rod Eustaquio, CEO |
Corporate Address |
2333 U.S. Hwy. 22, Bldg. 4 Union, NJ 07083 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2018 (5 years) |
---|---|
# of employees at HQ | 11 |
Where seeking |
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
# of Units | 10 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Iris Environmental Laboratories 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
|
$15,000 |
---|---|
Initial Investment
|
$31,300 - $62,510 |
Net Worth Requirement
|
$75,000 |
Cash Requirement
|
$3,000 |
Veteran Incentives
|
20% larger territory |
Royalty Fee
|
5-7% |
Ad Royalty Fee
|
1% |
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.
Third Party Financing | Iris Environmental Laboratories has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
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 | 37 hours |
---|---|
Classroom Training | 39 hours |
Ongoing Support |
Newsletter
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
Yes |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Iris Environmental Laboratories? Request a free consultation with a Franchise Advisor now.
Additional Rankings
Curious to know where Iris Environmental Laboratories ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Iris Environmental Laboratories.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
The 8 Things Franchise Investors Want to See in Your Business
If you're looking for investors, these are the 8 things they are looking for in your franchise business.
This Founder Walked-On to a Top College Basketball Team in the '90s. Today, He and Drew Brees Are Bringing the 'Walk-On Mentality' to Franchising.
Brandon Landry was so determined to play college basketball that he walked-on — tried out with no scholarship and made the team — at a major program. He's brought that same determination to the franchise business with Walk-On's Sports Bistreaux.
Franchise Legalese Defined — A Deep Dive Into Franchising Definitions
Before you can decide if you should franchise, find out exactly what you're getting yourself into.
Opening a New McDonald's Franchise Will Be More Expensive in 2024
Starting January 1, franchise royalty fees will rise from 4% to 5% for new locations in the U.S. and Canada.
Your Ultimate Research Guide to the Crucial Steps Before Buying a Franchise
If you're thinking about becoming a franchisee, find out what you're getting yourself into by reviewing this quick guide.
If You Want to Join a Franchise That Is Truly Diverse, These Are the Top 100 to Consider
These franchises are putting their money where their mouth is when it comes to inclusivity.