- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$82K - $91K
- Units as of 2021
-
3 200.0% over 3 years
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.
Company Overview
About Mold Response Team
| Industry | Services (Other) |
|---|---|
| Related Categories | Home Inspections, Miscellaneous Maintenance Businesses, Miscellaneous Services |
| Founded | 2016 |
| Leadership | Tal Eilon, CEO |
| Corporate Address |
1101 Holland Dr., #26 Boca Raton, FL 33487 |
| Social | Facebook, Instagram, YouTube |
Business Overview
| Franchising Since | 2019 (5 years) |
|---|---|
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 3 (as of 2021) |
|
|
|
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 |
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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