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2024 Franchise 500 Rank
N/R Ranked #467 last year
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Initial investment
$150K - $322K
Units as of 2023
156 Increase 9.1% over 3 years

Prism Specialties is a national company that has been in business for over 25 years. Founded in 1993 and franchising since 2012, they work to provide quality restoration and recovery services for electronics, appliances, art, documents, and textiles.

These items are subject to damage from fire (including smoke and soot), water, and power surges or lightning. Understanding the critical role they play in personal and commercial lives, Prism Specialties has worked to become a trusted source people can turn to for help. The company offers a wide range of services for residential and industrial clients. These services include helping restore appearances, functionality, and data.

There are Prism Specialties franchises located throughout the United States.

Why You May Want to Start a Prism Specialties Franchise

Prism Specialties values quality, communication, honesty, and respect for timely work. When trouble arises, they want to help you get back on your feet as soon as possible by being available 24/7. Emergencies don't have limited hours, and neither does Prism Specialties.

Prism Specialties has been ranked in Entrepreneur's Franchise 500 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. 

Opening a Prism Specialties 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 Prism Specialties Franchise a Good Choice? 

With a vision of being "the expert of choice for specialty restoration services," Prism Specialties is committed to restoring and recovering electronics, appliances, art, documents, and textiles after a disaster occurs. They work on projects of all sizes, whether it be residential or commercial. The company provides a range of services, from restoring a child's favorite stuffed animal to recovering data on an individual's personal computer.

Prism Specialties uses a proven business model and works with state-of-the-art technology. They provide initial startup training as well as ongoing training and support. The company doesn't leave franchisees on their own. They assist in a handful of ways, including with marketing and via operation guides.

How To Open a Prism Specialties Franchise 

To be part of the Prism Specialties 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. 

Prism Specialties has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, and accounts receivable.

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 questions to the Prism Specialties franchising team.

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Company Overview

About Prism Specialties

Industry Maintenance
Related Categories Restoration Services, Cleaning/Restoration
Founded 1993
Parent Company Restoration Specialties Franchise Group
Leadership Chris Ring, President & CEO
Corporate Address 11731 Levan Rd.
Livonia, MI 48150
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2012 (12 years)
# of employees at HQ 13
Where seeking

This company is offering new franchises throughout the US.

# of Units 156 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Prism Specialties 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 Information Circle
$50,000 - $85,000
Initial Investment Information Circle
$149,954 - $322,377
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$150,000
Veteran Incentives Information Circle
$2,000 off franchise fee
Royalty Fee Information Circle
7%
Ad Royalty Fee Information Circle
2%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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 Prism Specialties has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable

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 12-20 hours
Classroom Training 68-84 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
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? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Prism Specialties landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022