The restoration industry continues to grow because of the need for constant repairs and remodeling. And restoration services have the potential to grow because of the growing demand by homeowners and businesses alike. That is to say, one of the franchises that have become a leading choice for many franchisees is 911 Restoration. But how much does a 911 Restoration franchise cost?
So, in this article, read about the 911 Restoration franchise. Moreover, learn how you can franchise one and what to expect.
911 Restoration Franchise Overview
Before 911 Restoration was known as one of the U.S.’s largest restoration services, it was a carpet cleaning business then. Idan Shpizear and Peleg Lindenberg were two former employees of the company, but they took over and grew 911 Restoration ever since. They also offered more services such as water damage and fire cleanup as they became more recognized.
While the company started in 2003, it wasn’t until 2008 that the restoration company started franchising. To date, they have over 200+ units, including company-owned and outside of the US. Despite such growth, they face competition from ServPro, PuroClean, and 1-800 Water Damage.
One other thing that makes 911 Restoration different from other services is the Fresh Start Philosophy. It contains ten philosophies that will guide the franchisee. Not only that, but they also have a program in line with the philosophy. Hence, this gives them an opportunity to do philanthropic activities.
So far, 911 Restoration is available for franchising in the Lower 48 states and Canada. Aside from their first and main location in California, 911 Restoration has locations in states such as:
New York
Colorado
Florida
Texas
Georgia
If you’re interested in starting a 911 Restoration franchise, you can click on this link to Get Started. But before we discuss the 911 restoration franchise cost, know what to expect when franchising one.
Training
911 Restoration Franchise Inc. (the franchisor) conducts and requires training classes and provides resources for the franchisee. Therefore, the franchisees and their delegated managers or supervisors should be present for the two to four-week training in Van Nuys, California. According to the franchisor, they will cover training for:
Water-damage
Fire
Mold
Business development
However, at the franchisor’s discretion, there might be additional training for the franchisee. Plus, the franchisor will also require franchisees to attend refresh training programs. Furthermore, there might be yearly meetings for training purposes, new product announcements, and other information.
Territory and Obligations
The franchisor will give an exclusive, single territory wherein the franchisee can only operate their location. Location size depends on the population and territory. However, for franchisees to get a protected territory, they need to fulfill their gross revenue requirement in the second and subsequent years as agreed on in the Franchise Agreement (FA).
Franchisees should follow their obligations based on the FA. However, they’re not mandated to run the business full-time. Instead of managing the business full-time, franchisees can designate a manager that will operate the franchise daily. Not to mention, the franchisors expect the franchisees to follow system standards and regulations.
The franchisor will grant the franchisee an initial seven-year term. But if the franchisee wants to renew, they can do so, so long as they meet requirements. So, they will receive an additional seven-year term.
911 Restoration Franchise Cost
Your Investments
911 Restoration provides estimates depending if it’s an existing model, related-trade, or a startup. Firstly, the startup model franchise cost ranges from $51,600 to $94,700, plus the initial franchise fee. On the other hand, related-trade can run from $13,000 to $26,000, plus the initial franchise fee. Finally, for the existing restoration model it costs around $2,000 to $4,000 plus the initial franchise fee.
Since 911 Restoration is part of the VetFran, veterans who plan to franchise will get 15% off the initial franchise fee.
The initial franchise fee depends on the territory.
The franchisor MAY offer to aid a franchisee in the initial 911 Restoration franchise fee. Other than that, the franchisor doesn’t typically offer loans, guarantees, and other financial aid.
Check out the tables below on the estimated 911 Restoration franchise cost.
Name of Fee
Low
High
Initial Franchise Fee
$29,000
$49,000
Leaseholds Improvements
$0
$5,000
Equipment, Furnishings and Fixtures
$25,000
$50,000
Service Vehicle
$1,500
$35,000
Signage
$1,000
$3,000
Rent (3 months)
$0
$4,500
Initial Inventory and Operating Supplies
$5,000
$10,000
Security Deposits
$0
$1,500
Insurance (3 months)
$0
$2,700
Business Launch Fee
$1,500
$1,500
Initial Training Fee
$2,500
$2,500
Travel and Living Expenses While Training
$0
$3,500
Computer System
$0
$2,000
Permit/Licenses
$0
$2,000
Professional Fees
$3,000
$5,000
Additional Funds (3 to 6 months)
$0
$50,000
Telephone
$100
$200
ESTIMATED TOTAL*
$70,100
$226,900
Other Costs
Type of Fee
Amount
Royalty Fee for a New Start-Up Franchise
10% of gross revenue for restoration services; 3% of gross revenue for non-restoration services.
Royalty Fee for a Conversion Franchise
Sliding scale percentage dependent upon gross revenue, the franchisee’s year of operation, and whether the services are restoration or non-restoration.
Local Advertising
Franchisees must engage in local business development and advertising as outlined in the manual.
Digital Marketing
Franchisees must spend at least $100 per day on digital marketing. It focuses on lead development through currently approved sites for SEO, social media, and PPC campaigns.
Advertising Cooperative
To be determined. It’s based on the franchisee’s location and market, not to exceed 3% of gross revenue.
National Advertising Fund Fee
Up to 1% of gross sales.
Additional or Replacement Supervisorial or Managerial Personnel Initial Training Fee
The then-current training fee, plus expenses. Current training fee: $500 for technicians and $1,500 for inspector.
Transfer Fee
$5,000
Renewal Fee
$2,500. If franchisees have multiple franchises that are renewing in the same year, the renewal fees will be capped for a total possible renewal fee of $7,500.
Late Fee
$50 per day.
Audit Fee
Varies. It is estimated to be between $5,000 and $8,500.
Technology Fees
$195 monthly. Set-up fee for CRM is a one-time fee of $300. 911 Restoration emails incur a yearly charge of $50 per email per year.
Computer System Maintenance
$0 to $600
Proprietary Products
Varies
Insurance Premiums
Insurance premiums to maintain recommended coverage as a franchise owner.
Costs and Attorneys’ Fees
Varies
Indemnification
Varies
Liquidated Damages
If the franchisor terminates the FA for cause, the franchisee must pay within 15 days after the effective date of termination.
Supplier Evaluation
Varies
Did You Know
Entrepreneur featured 911 Restoration on their Franchise 500 list. The restoration franchise ranked #44 overall. They garnered the 2nd spot on the restoration list too. And they also earned the title of Fastest Growing franchise in 2020.
The franchisor has partnerships with big brands such as Google Partner, Yahoo, and Bing for online visibility. They’ve also partnered with Lowe’s Pro and The Home Depot.
Not only does 911 Restoration have cleaning and restoration, but they also offer SEO services. They started Milestone SEO, which will help 911 Restoration franchisees. But they can also help other small businesses to grow their SEO efforts.
Aside from having an SEO agency, they also developed a customer relationship management software called Gazingle. The software has automated features and lead tracking processes.
According to 911 Restoration, restoration services are recession-proof. Since the nature of the service relies on repairs, restorations, and cleaning, even with certain conditions, businesses like this will continue to operate.
For more franchise information, you can find more resources here at Franchise How!
Are you gearing up for a new business in 2024? Forget the next big tech start-up -the latest trend in town might be a perfectly toasted baguette. Take Paris Banh Mi Cafe and Bakery, for instance. This Vietnamese sandwich shop is rapidly growing, with locations popping up from coast to coast, from California to Florida.
But what’s the secret behind their success? Explore why the Paris Banh Mi franchise has snowballed in the last two years and be inspired to start your own business .
About Paris Banh Mi
The French baguette was introduced in Vietnam in the mid-19th century when the country was still a part of French Indochina. In the 1950s, Saigon saw the birth of a unique Vietnamese sandwich, “bánh mì,” which quickly became a favorite food of a large part of the population.
The story of Paris Banh Mi started in Orlando, Florida, at 1021 E Colonial Drive in 2019. Hien Tran and Doan Nguyen, a married couple passionate about food, opened the first Paris Banh Mi location. Their concept was simple: bring the delicious flavors of Vietnamese banh mi sandwiches, traditionally baguettes filled with savory meats and pickled vegetables, to a broader audience.
The customers quickly fell in love with the fresh ingredients, bold flavors, and convenient fast-casual setting. Now, Paris Banh Mi Cafe and Bakery promises to bring their customers the best “Baguette Banh Mi” taste.
In just two years, the laid-back cafe and bakery in Florida multiplied into a chain of stores in the county. Today, Paris Banh Mi is serving customers in 46 locations all across the USA. The company plans to expand to 100+ locations by 2026.
Each Paris Banh Mi Cafe and Bakery has a clean and spacious dining area, fast service, friendly staff, and a selection of delicious food and pastries. Take a peek at some of their mouth-watering baguette sandwiches filled with authentic Vietnamese ingredients.
Source: Paris Banh Mi website
For those craving something sweet, the bakery indulges you with a variety of French pastries. Check out their sandwiches, pastries, and beverages on the Paris Banh Mi Cafe and Bakery menu page.
Source: Paris Banh Mi website
Why Own a Paris Banh Mi Franchise
Paris Banh Mi is a franchised quick-service restaurant offering exciting opportunities for aspiring business owners. Many nail salon owners and aspiring entrepreneurs are switching to buying a Paris Banh Mi franchise. The main reasons why they love Paris are:
It opens a great opportunity and is more profitable.
Seamless franchising process and fewer things to worry about
Required low capital to open
Higher end-of-year profits
The benefits extend beyond operational efficiency. Paris Banh Mi boasts a surprisingly low-cost entry point compared to other franchises.
The initial franchise fee is manageable at $60,000. The total investment for opening a Paris Banh Mi can range from $200,000 to $500,000. This amount reflects the option to acquire a pre-existing, equipped location (second generation) for a lower investment cost or a complete build-out from scratch option.
Regardless of the chosen route, the investment is significantly lower than that of building a business from the ground up, making Paris Banh Mi an attractive option for many entrepreneurs.
Licensing Information
Owning a Paris Banh Mi franchise is not just about delicious food! The company is looking for dedicated individuals who can run their restaurant full-time. They will provide a multi-day training program for new franchisees. In addition, Paris Banh Mi offers ongoing support for franchisees, guiding them to make informed decisions and thrive in this exciting industry.
You’re a good fit for a Paris Banh Mi Cafe Bakery franchise if you are:
Passionate about food, especially fresh baguettes and pastries
A self-starter with a proven track record in business
Financially responsible with a focus on results
Ready to fully commit to building the Paris Banh Mi brand
If you have what it takes, don’t hesitate to contact them through the franchise hotlines on their franchise opportunities page.
Conclusion
Buying a restaurant franchise is one of the most attractive routes in the world of franchising. Paris Banh Mi makes owning your own business a lot easier. Forget the high costs and headaches of starting from scratch. Their low investment and comprehensive training program mean you can be your own boss with a delicious product. If you are ready to take a bite out of success, contact Paris Banh Mi today!
Buying a franchise from Chick-fil-A is an excellent money-making and healthy option. The fast-food chain has been serving hungry consumers the most delicious chicken sandwiches unmatched by other fast-food restaurants. Buying a Chick-fil-A franchise means investing in a good business and your future. It also lets you continue the culture behind the popular food chain. Here are Chick-fil-A franchising opportunities that will give you entrepreneurial freedom in 2024.
Company Overview
Founded in 1946 by Truett Cathy, Chick-fil-A is deemed one of the longest-running chicken sandwich chains in the United States. The founder opened his first chain in Hapeville, Georgia, and has become a favorite soul food for many. Truett had worked in restaurants seven times a week and knew the importance of rest. That’s why he vowed to close Chick-fil-A every Sunday. He values rest and worship, so he sets aside one day of the week for his employees—a practice that Chick-fil-A still upholds today.
Chick-fil-A also selects franchisees that uphold their values and passion. The company takes great care in selecting who they do business with, which includes getting to know candidates through a lengthy and intensive selection process. The founder’s vision is to influence the people and communities they serve. Chick-fil-A also seeks franchise candidates in Puerto Rico, Canada, and the United States.
Chick-Fil-A candidates are required to show personal financial integrity and stewardship. They also need to have proven experience in leadership and a strong business acumen. Chick-fil-A ensures that candidates showcase entrepreneurial spirit, a strong character, and a growth mindset. This is to uphold the vision and values that Truett started in 1946.
Franchise Training Details
The initial on-site training programs last three to four weeks. However, the duration and actual location of the training will vary.
The training program primarily covers operational aspects, such as food preparation, service, customer relations, accounting, communications, purchasing, planning, maintenance, policies, management styles, and marketing.
The franchisor may require franchisees to attend various conferences and seminars occasionally. This is on top of the initial training program.
The franchisor may also offer various programs that operators can use in advertising products or hiring staff, which aren’t stipulated in the Franchise Agreement.
Franchise Territory
The franchisor will grant franchisees one Chick-fil-A restaurant at the franchisor’s designated location.
Franchisees will not get exclusive or protected territory, so they may face competition from other operators.
Franchise Obligations and Conditions
Franchisees must devote their time and effort 100% to operating their Chick-fil-A restaurant.
The franchisor only allows franchisees to sell products approved by Chick-fil-A. This also applies to franchisees with a Chick-fil-A-associated food truck.
Franchise Term and Renewal
The franchise term expires on early December 31, the year the agreement is signed or whatever the lease expiration is. Franchisees may apply for one-year extensions unless written notice is given 30 days before the franchise term expires.
Financial Assistance
The franchisor designates locations, leases, and subleases the store’s premises to franchisees. The lease and sublease terms will vary depending on the type of Chick-fil-A restaurant and location.
The franchisor also engages in concession agreements that oversee the utilization of non-traditional satellite unit locations with the proprietors or administrators of said satellite unit spaces.
The franchisor offers extended payment periods for specific pre-opening costs stipulated in the Franchise Agreement. Additionally, the franchisor leases equipment to operators, charging a monthly rental fee based on the fair market rental value established by Chick-fil-A using its singular and exclusive business judgment. It’s important to note that neither the franchisor nor any affiliated entities provide any financing arrangements to operators, either directly or indirectly.
Did You Know?
Here are some fun facts about Chick-fil-A you need to know!
Did you know that Chick-fil-A only uses peanut oil for frying? That’s what makes the chicken its unique flavor! Chick-fil-A is also the single most significant purchaser of peanut oil in the United States. They also believe peanut oil is a healthier option.
The best Chick-fil-A promotional gig was the “First 100,” where the first 100 customers inside a new Chick-fil-A restaurant would get free chicken for a year.
Did you know that the founder, Truett Cathy, invented the chicken sandwich? He worked for a restaurant in Atlanta, and the newly delivered chicken breasts were too big to serve as airline food. He turned this into a meal for the staff.
You can get a free ice cream cone by walking up to the counter and trading your toy when ordering the kid’s meal.
Franchise Cost
Your Investment
Name of Fee
Low
High
Initial Franchise Fee
$10,000
$10,000
Opening Inventory
$13,500
$140,000
First Month’s Rental of Equipment
$750
$5,000
First Month’s Lease/Sublease of Premises
$2,550
$85,500
First Month’s Insurance Expense
$240
$12,000
Additional Funds
$491,345
$2,550,935
ESTIMATED TOTAL
$518,385
$2,803,435
Other Fees
Type of Fee
Amount
Advertising
May vary (a) between 0% to 3.25%, to be determined by Chick-fil-A, as a percentage of gross receipts or (b) by vote of operators in local or regional areas.
Advertising Support and Services Fee
Advertising support and services fees incurred, if any, will vary based upon the support and services offered by the franchisor, and selected and received by the operator; the current in-house blended hourly rate for services is $100; Operator will pay any additional fees, costs and expenses as applicable.
Additional Franchise Fee
$5,000 for each additional Chick-fil-A restaurant business.
Business Services Fee
$300 (monthly).
Rent (Traditional Restaurant)
$2,550 to $85,500 (including where applicable, percentage rent).
Occupancy Charge (Satellite Unit)
Determined under the concession agreement attached as an exhibit to the concession sublicense agreement; currently estimated to range between 4% and 30% of gross receipts.
Food Truck Usage Fee (Food Truck)
Currently $2,100 to $3,100, plus additional fees, costs and expenses.
Food Truck Insurance Fee (Food Truck)
Currently $250 to $450 (monthly).
Insurance
$240 to $12,000 (monthly).
Equipment Rental
Currently $750 to $5,000 (monthly).
Hardware and Software Support; High-Speed Internet Access
$9,500 to $20,000 (annually).
Fines – Minimum Standards and Procedures
Will vary under the circumstances.
Indemnification
Will vary under the circumstances.
Operating Service Charges
Determined by formula.
Credit Cards Fees and Related Processing Fees
Will vary.
Highway Signage
Will vary under circumstances.
Interest on Late Payments
The maximum rate permitted by law, or if none, 1.25% per month.
Cash Handling System Services
$85 to $450 (monthly)
Reimbursement of Cost of Performance
Costs and expenses of performance.
Holdover Liquidated Damages
Double the base rent and percentage rent.
Here are the Chick-fil-A franchise costs:
If you’re looking for another investment opportunity, visit Franchise How’s website for more information.
Taking care of your home’s plumbing system is an essential part of being a homeowner. However, not everyone has the skill and patience to do it, and so franchises such as Zoom Sewer and Drain Cleaning are some of the most lucrative. Here’s what you need to know if you’re thinking of getting it:
Franchise Description
Zoom Sewer and Drain Cleaning provides drain cleaning, maintenance, sewer inspections, repair and replacement services for residential and commercial customers. The business began in 1995 and had been franchising since 2013. They have their headquarters in Norristown, Pennsylvania, and Zoom Franchise Company, LLC is the franchisor.
Training
Training for the franchisee’s principal owner and personnel will be provided by the franchisor or its representatives and agents. Before starting your franchise, Zoom Sewer and Drain Cleaning will require you to complete their training program. It comes in two phases:
Phase 1: 2 to 3 days training at the Franchise Business
Phase2: 2 to 3 days in Norristown, PA
The franchisor may also require you to attend additional training during the length of your term agreement. The franchisor is planning to hold a 2 to 3-day national Zoom Fest yearly. This will be held in Norristown, PA, or any location it designates. They will require franchisees to attend, but their managers will be welcome.
Territory
The franchisor will designate a protected territory where the franchisees will operate their business. Before signing any Franchise Agreement, both the franchisor and the franchisee will agree on a geographic territory.
The franchisor will base the protected territory on contiguous zip codes that will consist of approximately 500,000 individuals. This will be based on the most recent U.S. Census data at the time of signing the franchise agreement. This means that as long as the deal is taking effect, the franchisor or its affiliates will not locate, operate, or grant a franchise for another Zoom Sewer and Drain Cleaning business within the protected territory.
Obligations
The franchisor requires the franchisee or its principal owner to exert every effort to take responsibility for the management of the business. They will do this on a daily basis unless they agree on an alternate arrangement. With the franchisor’s discretion, the franchisee can hire a manager to handle the operations of the business.
Franchisors will also require you to sell products and services that have their approval. On the other hand, franchisees aren’t allowed to sell unauthorized products or services in compliance with the franchise agreement. Franchisees are also not allowed to solicit business outside of the protected territory. They are, however, permitted to serve customers outside of the protected territory as written in the FDD.
Term of Agreement
The initial franchise will take ten years after the signing of the agreement. You can renew the contract for another ten years, for four times, if you continue to meet the requirements.
Financial Assistance
Zoom Sewer and Drain Cleaning doesn’t offer direct or indirect financial assistance to its franchisees. In addition, they will not guarantee a franchisee’s note, lease, or obligation.
Did You Know?
Get to know more about Zoom Sewer and Drain Cleaning before you get that franchise. Here are some facts about the business:
They have very little competition in the niche. Most of their competitors are independent plumbers and contractors
According to the company’s co-founder and COO, Ellen Rohr, this is a recession-resistant business, and the Covid-19 pandemic has proven this
They have a reported $12 million in revenue with 53 employees and 15 franchisees
Your Investment
The table below shows the estimated cost of a Zoom Sewer and Drain Cleaning franchise. Take note that these numbers may change without any prior notice.
Name of Fee
Low
High
Initial Franchise Fee
$35,000
$35,000
Lease
$3,000
$9,000
Leasehold Improvement
$2,000
$40,000
Furniture, Fixtures and Computer System
$7,500
$13,000
Vehicles
$7,000
$9,500
Vehicle Wrap and Design
$4,500
$5,500
Initial Equipment and Inventory of Supplies
$40,000
$50,000
Business Licenses and Permits; Deposits and Pre-Paid Expenses
$0
$5,000
Professional Fees
$500
$3,000
Insurance – Quarterly
$4,000
$6,000
Initial Training Expenses
$500
$3,000
Initial Marketing Expenses
$45,000
$60,000
Additional Funds – 6 months
$50,000
$100,000
ESTIMATED TOTAL
$199,000
$341,000
Other Costs
Type of Fee
Amount
Royalty Fee
5% of Net Sales.
Marketing Fee
Up to 2% of Net Sales. Currently, the franchisor does not charge this fee.
Call Center Fee
Up to $25 per scheduled appointment. Currently, the franchisor does not operate the Call Center or charge a Call Center Fee.
Technology Fee
The then-current Technology Fee; currently $500 per month.
Webpage Development and Optimization Fee
The then-current fee charged by the franchisor’s designated website SEO provider; currently $695 per month.
Additional Location Fee
The then-current Additional Location Fee; currently $2,000.
Transfer Fee
Up to 50% of the then-current Initial Franchise Fee.
Renewal Fee
Up to 25% of the then-current Initial Franchise Fee.
Additional Training and Assistance
Fee and all expenses. Currently $1,000 per day plus travel expenses.
National Conference
Reasonable fees and all expenses.
Testing for Supplier Approval
Reasonable fee.
Interest on Late Payments
Lesser of 1.5% per month or maximum legal rate.
Audit Fee
Cost of audit.
Taxes
Actual cost.
Indemnification
Will vary under circumstances.
Costs and Attorneys’ Fees
Will vary under circumstances.
For other franchising information, check out more articles here at Franchise How!