How Much Can You Make Owning a SERVPRO?

A franchise-based organization called SERVPRO offers emergency restoration services like cleaning, mold removal, water damage restoration, and fire damage restoration. Since its founding in 1967, the business has expanded to become one of the biggest and most prosperous franchises in the restoration sector. If you’re thinking about buying a SERVPRO franchise, you might be curious about the potential earnings. The income potential of a SERVPRO franchise, as well as other pertinent issues, will be discussed in this article.

Another franchise-based business that offers cleaning services for homes and businesses as well as disaster recovery services is ServiceMaster. There are more than 8,000 ServiceMaster franchises globally, according to their website. This applies to all of their brands, including ServiceMaster Restore, Terminix, and Merry Maids. Is ServiceMaster a Reputable Organization?

ServiceMaster has been in operation for almost 90 years and has established a solid reputation as a dependable business. They have won various accolades and recognition for their dedication to providing high-quality work and client service. They compete directly with SERVPRO since they provide disaster restoration services in addition to cleaning services.

Does Blackstone Control SERVPRO? Private equity company Blackstone has made investments in numerous businesses, including SERVPRO. A controlling investment in SERVPRO was acquired by Blackstone in 2019, giving the business a $1 billion valuation. But SERVPRO is still a franchise-based business, and each franchisee is still in charge of their own operation.

With aspirations to eventually grow into other nations, SERVPRO now has over 1,800 franchise locations in the United States and Canada. Since each franchise is individually owned and run, there is more room for flexibility and modification in response to regional need. Potential Earnings of a SERVPRO Franchise

A franchise’s earning potential might change depending on a number of variables, including its location, level of competition, and size. The average yearly revenue for a franchise is $1.5 million, according to the SERVPRO website. However, as this is only an estimate, specific franchises may make more or less money than this.

Investment requirements for owning a SERVPRO franchise range from $157,000 to $210,000 for initial expenditures. To help maximize the likelihood of success, SERVPRO offers their franchise owners comprehensive training and support. Additionally, owning a SERVPRO franchise can be a fulfilling experience because you’ll be able to assist those in need and have a great influence on your neighborhood.

In summary, operating a SERVPRO franchise may be a successful and fulfilling business venture. Despite the fact that earning potential varies, a franchise typically generates $1.5 million in sales. Franchise owners have the potential to flourish and have a great impact on their neighborhood with the help of SERVPRO’s resources and training.