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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$43K - $409K
- Units as of 2021
47 4.4% over 3 years
Here’s what you need to know if you’re interested in opening a FRSTeam franchise.
FRSTeam, short for Fabric Restoration Services Team, is—you guessed it—a leading restoration company specializing in restoration services and dry cleaning. FRSTeam headquarters are located in Hayward, California.
FRSTeam is an integrity-driven brand that offers quality restoration services using their high-tech proprietary tools and methods refined to meet and exceed customer expectations. When a household has been damaged by smoke, fire, mold, or water, the brand will ensure the house and items have been restored within 24 to 48 hours, getting customers back home where they belong.
Why You May Want to Start a FRSTeam Franchise
FRSTeam was founded in 1988 and has been offering franchise opportunities since 2006. The brand has grown into an industry leader with several stores in various locations all over the country. FRSTeam is a dedicated company designed to relieve customers of the stress of damaged homes and household items.
FRSTeam trains and manages all its franchisees using company resources. Franchisees may receive dozens of hours of on-the-job training to gain relevant experience and an additional few dozen hours in a class to acquire the business' fundamentals. You will also gain access to free marketing, advertising, a franchise intranet platform, and ongoing support as you begin your business.
What Might Make a FRSTeam a Good Choice?
Over their years, FRSTeam has a proven business model offering hardworking and service-driven franchisees potential business growth. To be part of the FRSTeam, 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 prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
You also may benefit from speaking with a financial advisor or attorney to ensure that you are financially sound enough to open a FRSTeam franchise.
Your franchise will need to employ at least a few employees, but you may not need more than a dozen or so.
How To Open a FRSTeam Franchise
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. Research the brand and your local area to see if a FRSTeam franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth. Additionally, you may want to speak to existing franchisees to get an inside look at the company and what it means to become a FRSTeam franchisee.
To begin your franchise journey with FRSTeam, you will need to fill out a franchise request form. If you are seen as a good fit, you may be invited for a one-on-one meeting with franchise executives to discuss the franchise opportunity. If both parties agree, FRSTeam may draft a franchise agreement for you to sign.
Soon you may be completing your training and cutting the ribbon on your new FRSTeam franchise!
- Franchising Since
- 2006 (16 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 47 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a FRSTeam 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
- $35,000 - $45,000
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.
- Initial Investment
- $43,375 - $409,000
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $5,250 to $6,750 off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- 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.
- 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.
- Term of Agreement
- 10 years
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.
- Is franchise term renewable?
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
- 61 hours
- Classroom Training
- 46 hours
- Ongoing Support
Meetings & ConventionsToll-Free LineOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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.
- 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.
- # of employees required to run
- 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.
Franchise 500 Ranking History
Compare where FRSTeam landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where FRSTeam ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to FRSTeam.
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