Start a Paul Davis Restoration Franchise in 2024

2024 Franchise 500 Rank: #91 Ranked #109 last year

Initial investment: $286K - $737K

Units as of 2024: 316 19.2% over 3 years

Paul Davis Restoration, founded in 1966 and located in Jacksonville, Florida, is an insurance restoration network in North America. It began franchising in 1970. Today, there are more than 250 Paul Davis Restoration locations in the U.S. and Canada. They offer restoration services after natural disasters or emergencies. From hurricanes to leaking pipes, mold infestation, or fire and flood restoration, Paul Davis Restoration strives to be there for their customers when they need them most.

As you run your franchise, you will help people in the community restore their homes to beauty and ultimate functionality. The perfect candidate for a Paul Davis Restoration franchise is passionate about helping others and eager to learn about business.

Why You May Want to Start a Paul Davis Restoration Franchise

Not only do homes and businesses need regular work from small emergencies like leaking pipes, but natural disasters also happen. These incidents may allow your franchise to restore what the disaster destroyed. Paul Davis Restoration has years of business experience. Their proven business and marketing models may attract loyal and steady clientele with their professional and efficient restoration crews.

What Might Make a Paul Davis Restoration Franchise a Good Choice?

For over 50 years, Paul Davis Restoration has been committed to providing the best restoration services in North America. The company strives to give clients a hassle-free experience by providing quality services. They are one of the top restoration companiesbecause of this commitment to professionalism and quality.

Paul Davis Restoration has been ranked in Entrepreneur’s Franchise 500 many times in the past two decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

To partner with Paul Davis Restoration, you will need to make a financial investment. To be part of the team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How Do You Open a Paul Davis Restoration Franchise?

Submit a franchise inquiry when you feel like you are ready to learn more about opening a Paul Davis Restoration franchise. You should also review their available markets to see which area suits your needs. Research the brand and your local area to see if a Paul Davis Restoration franchise would do well in your community. It may also be a good idea to contact an attorney or financial advisor to ensure that you are financially stable enough to open a Paul Davis Restoration franchise.

If your franchise application is accepted, you will speak to someone on the franchise team who will guide you through the following steps. Expect to complete a large amount of training before you open your doors to business.

Company Overview

About Paul Davis Restoration

Industry	Maintenance
Related Categories	Restoration Services, Miscellaneous Home-Improvement Businesses, Miscellaneous Maintenance Businesses, Cleaning/Restoration
Founded	1966
Parent Company	FS Brands Inc.
Leadership	Rich Wilson, CEO & President
Corporate Address	7251 Salisbury Rd., #6 Jacksonville, FL 32256
Social	Facebook, Twitter, LinkedIn, YouTube

Business Overview

Franchising Since	1970 (54 years)
# of employees at HQ	211
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Canada
# of Units	316 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Paul Davis Restoration 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.	$57,500 - $184,000
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.	$285,800 - $737,400
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.	$1,000,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$500,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	25% off franchise fee, plus financing on up to 67% of franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	4%
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.	0.75%
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.	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	Paul Davis Restoration offers in-house financing to cover the following: franchise fee, startup costs
Third Party Financing	Paul Davis Restoration has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

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	100 hours
Classroom Training	230 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations 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?	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.	No
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	5
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