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Franchise 500 2023
2024 Franchise 500 Rank
#11 Ranked #16 last year
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Initial investment
$236K - $297K
Units as of 2023
2,199 Increase 19.4% over 3 years

Company Overview

Servpro started out in 1967 as a painting business. Two years later, founders Ted and Doris Isaacson began franchising it as a cleaning and restoration company. In 1988, they moved the company from Sacramento, California to Gallatin, Tennessee in order to be within 600 miles of 50 percent of the U.S. population.

Servpro franchisees specialize in disaster restoration, offering cleanup and repairs to both commercial and residential customers whose property has suffered fire or water damage. They also offer mold remediation, carpet and upholstery cleaning, air duct and HVAC cleaning, and other related services.

About Servpro

Industry Maintenance
Related Categories Restoration Services, Carpet & Upholstery Services, Miscellaneous Home-Improvement Businesses, Miscellaneous Maintenance Businesses, Cleaning/Restoration
Founded 1967
Parent Company Commodore Parent Holdings LLC
Leadership Brett Ponton, CEO
Corporate Address 801 Industrial Blvd.
Gallatin, TN 37066
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 1969 (55 years)
# of employees at HQ 478
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 2,199 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Servpro 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
$90,000
Initial Investment Information Circle
$236,270 - $296,775
Cash Requirement Information Circle
$155,000 - $175,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
3%-10%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
5 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.

In-House Financing Servpro offers in-house financing to cover the following: franchise fee, equipment, inventory
Third Party Financing Servpro has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory

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 139 hours
Classroom Training 54 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

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
# of employees required to run 5-10
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Servpro 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