Start a Mold Response Team Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $82K - $91K

Units as of 2021: 3 200.0% over 3 years

Founded in 2016, Mold Response Team features a service that provides mold inspection, remediation, and water damage restoration. The Boca Raton, Florida-based company services South Florida and the Palm Beaches but is looking to expand its reach. Mold Response Team offers a comprehensive service that may ensure your family home is a safe and secure place to live in.

Mold Response Team encourages proper cleansing of the family environment and restoring the home to an acceptable condition. For Mold Response Team, a home should be where you breathe clean air and live a full and healthy life. Quality of life is the priority, and mold remediation is the means to achieve this.

Since beginning to franchise in 2019, Mold Response Team has opened several franchises in the United States.

Why You May Want to Start a Mold Response Team Franchise

Potential Mold Response Team franchisees should have a good work ethic, determination, and a love of new opportunities. Having experience in the mold remediation industry isn't necessary, but some business experience can be highly beneficial. Franchisees are responsible for hiring and training staff and coordinating operations of the business. Additionally, Mold Response Team also gives exclusive territories to help franchisees grow.

Opening a Mold Response Team franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

What Might Make a Mold Response Team Franchise a Good Choice?

Mold Response Team is looking to expand while priding itself on a high degree of customer satisfaction. The company works to provide people with the benefits of mold inspection, mold remediation, and water damage restoration and seeks to create a place of purpose, safety, and support.

To be part of the Mold Response 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 fees and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Mold Response Team Franchise

As you decide if opening a Mold Response Team 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 Mold Response Team franchise 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 Mold Response Team franchising team questions.

If awarded a franchise, franchisees receive a great deal of support from the Mold Response Team throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and research. They also receive hands-on training and continued support after their franchise has opened.

Company Overview

About Mold Response Team

Industry	Services (Other)
Related Categories	Home Inspections, Miscellaneous Maintenance Businesses, Miscellaneous Services
Founded	2016
Leadership	Tal Eilon, CEO
Corporate Address	1101 Holland Dr., #26 Boca Raton, FL 33487
Social	Facebook, Instagram, YouTube

Business Overview

Franchising Since	2019 (5 years)
Where seeking	This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions:
# of Units	3 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Mold Response Team 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$40,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$81,600 - $91,050
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$40,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$40,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	15% off franchise fee
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	$1K/mo.
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	7 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	Mold Response Team offers in-house financing to cover the following: startup costs, equipment, inventory
Third Party Financing	Mold Response Team 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	80 hours
Classroom Training	65 hours
Ongoing Support	Grand Opening Site Selection
Marketing Support	Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes