Mold Response Team

Mold Response Team

Mold inspection services
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$82K - $91K
Units as of 2021
3 200.0% over 3 years

Here’s what you need to know if you’re interested in opening a Mold Response Team franchise.

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.

Find Your Perfect Franchise

Company Overview

About Mold Response Team

Industry
Services (Other)
Founded
2016
Leadership
Tal Eilon, CEO

Franchising Overview

Franchising Since
2019 (3 years)
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
3 (as of 2021)

Franchisor Information

Corporate Address
1101 Holland Dr., #26
Boca Raton, FL 33487

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
$40,000
Initial Investment
$81,600 - $91,050
Net Worth Requirement
$40,000
Cash Requirement
$40,000
Veteran Incentives
15% off franchise fee
Ad Royalty Fee
$1K/mo.
Term of Agreement
7 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
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?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021