Rainbow Restoration

Rainbow Restoration

Indoor cleaning and restoration
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2022 Franchise 500 Rank
#139 Ranked #349 last year
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Initial investment
$157K - $261K
Units as of 2022
380 9% over 3 years

Here’s what you need to know if you’re interested in opening a Rainbow Restoration franchise.

Are you passionate about bringing spaces back to life? Rainbow International Restoration is one of the leading restoration companies. It was founded in 1981 and began franchising later that same year. It offers home restoration, commercial restoration, and carpet cleaning services in more than 400 locations worldwide, including nearly 300 in the United States alone. They are a leading supplier of disaster recovery and specialist cleaning services.

As you run your franchise, you should seek to provide efficient and professional cleaning and restoration services to the community around you. The perfect candidate for a Rainbow International Restoration franchisee has a passion for helping others, business, and is interested in restoration.

Why You May Want to Start a Rainbow International Restoration Franchise

If you love the idea of offering an essential service in times of need to the community around you, then a Rainbow International Restoration franchise may be for you. Known for its efficient and excellent work, Rainbow International Restoration is thought of as one of the better restoration franchises in the U.S.

As a Rainbow International Restoration franchisee, you may join the ranks of community heroes, helping people in times of need. You will likely provide an essential service, be it reconstruction, fire and flood restoration, mold removal, cleanup services, or any other form of cleaning and repair. With that wide-reaching of a net, you may have a business at most times.

What Might Make a Rainbow International Restoration Franchise a Good Choice?

Opening a Rainbow International Restoration franchise may be a way to help people recover from loss by restoring value, stability, and peace of mind. Rainbow International Restoration has more than 30 years of experience in restoration and clean-up. They strive to have a good reputation in the business, along with an established model to make your franchise sustainable.

To be part of the Rainbow International Restoration team, 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 be prepared for ongoing fees, which will include advertising, royalty, and potential renewal fees. The term of agreement for a Rainbow International Restoration franchise tends to last for 10 years with the option to renew if both parties wish to continue working together.

How to Open a Rainbow International Restoration 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. Speak to existing franchisees and ask questions directed to the Rainbow international Restoration team. Suppose you meet all the requirements for the company. In that case, you may qualify to open a Rainbow International Restoration franchise, and you can get started with an initial investment.

As you make your decision regarding whether to open a Rainbow International Restoration franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Rainbow International Restoration franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Once completing your due diligence, you are ready to submit an inquiry form. After you've signed on the dotted line, you can start training and begin preparations to open your business. Rainbow International Restoration wants to see your franchise succeed and is ready to support you every step of the way. Get started restoring your customers' homes, as well as their peace of mind. 

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Company Overview

About Rainbow Restoration

Industry
Maintenance
Founded
1981
Parent Company
Neighborly
Leadership
Joshua Miller, Brand President

Franchising Overview

Franchising Since
1981 (41 years)
# of employees at HQ
1,600
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Europe (Eastern), Europe (Western), Canada

# of Units
380 (as of 2022)

Franchisor Information

Corporate Address
1010 N. University Parks Dr.
Waco, TX 76707

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Rainbow Restoration 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
$156,682 - $260,856
Net Worth Requirement
$250,000
Cash Requirement
$75,000
Veteran Incentives
15% off minimum franchise fee
Royalty Fee
3-8%
Ad Royalty Fee
2%
Term of Agreement
10 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.

Third Party Financing
Rainbow Restoration 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
40 hours
Classroom Training
159.2 hours
Additional Training
Regional training; annual reunion
Ongoing Support
Purchasing Co-ops
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
Marketing Planning & Support
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
1-3
Are exclusive territories available?
No
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Franchise 500 Ranking History

Compare where Rainbow Restoration 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 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