- 2024 Franchise 500 Rank
-
#11 Ranked #16 last year
- Initial investment
-
$241K - $302K
- Units as of 2023
-
2,199 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
|
$90,000 |
---|---|
Initial Investment
|
$241,270 - $301,775 |
Cash Requirement
|
$155,000 - $175,000 |
Veteran Incentives
|
20% off franchise fee |
Royalty Fee
|
3%-10% |
Ad Royalty Fee
|
3% |
Term of Agreement
|
5 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 | 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?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 5-10 |
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where Servpro landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Servpro ranked on other franchise lists? Find out below.
Ranked #1 in Restoration Services in 2024
Best of the Best
Ranked #11 in 2024
Franchise 500
Ranked #12 in 2024
Fastest-Growing Franchises
Ranked #41 in 2023
Top Global Franchises
Ranked #81 in 2024
Top Franchises for Diversity, Equity, & Inclusion
Ranked #82 in 2023
Top Brands for Multi-Unit Owners
Ranked #22 in 2023
Top Franchises For Veterans
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