
Socom Restoration
Water, fire, mold, and smoke damage restoration- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$61K - $179K
- Units as of 2021
-
3 200.0% over 3 years
Company Overview
About Socom Restoration
- Industry
- Maintenance
- Related Categories
- Restoration Services, Cleaning/Restoration
- Founded
- 2019
- Parent Company
- Basin Franchising
- Leadership
- Caleb Morton, President
- Corporate Address
-
2400 W. 2900 N.
Vernal, UT 84078
Business Overview
- Franchising Since
- 2020 (3 years)
- # of employees at HQ
- 4
- Where seeking
-
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
- # of Units
- 3 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Socom 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
- $15,000
- Initial Investment
- $61,350 - $179,150
- Net Worth Requirement
- $50,000
- Cash Requirement
- $50,000
- Royalty Fee
- 8%
- Ad Royalty Fee
- 1%
- 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.
- Third Party Financing
- Socom Restoration 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
- 48 hours
- Classroom Training
- 48 hours
- Ongoing Support
-
Meetings & ConventionsField OperationsSite Selection
- Marketing Support
-
Website Development
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
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Socom Restoration? Request a free consultation with a Franchise Advisor now.
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