Rank no. 395 – PuroClean – US
Products & Services: Insurance restoration services
Number of Locations: 221
Total Investment: $71.26K – 99.37K
Began Franchising: 1991
Richard D. Spohn and Rory O’Dwyer, two insurance restoration entrepreneurs, joined forces in 1986 to create PuroSystems Inc., a property casualty restoration and reconstruction provider. PuroSystems franchisees repair water, fire and smoke damage and perform structural repairs and reconstruction.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $45,000
Ongoing Royalty Fee: 8-10%
Term of Franchise Agreement: 20 years, renewable
Net Worth: $250,000
Liquid Cash Available: $75,000
Franchise can be run from home. 2% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (99% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|