Is a SERVPRO Franchise Right for You?
For the enterprising individual, owning and operating a franchise in Weymouth, MA, is an exciting way to go. This is especially true of those with a strong business model, such as a SERVPRO franchise, that promises a comfortable return each month. How can you recognize those promising options? Do some research into the following factors:
- Your specific goals
- Your investment capital
- Your expected level of involvement
What Do You Hope To Accomplish?
Before getting involved with any new business opportunity, you need to be certain of your goals. Are you looking for a hobby business? Will this new business be your primary source of income? Are you hoping to own multiple franchises? The answers to these questions will help you determine whether a SERVPRO franchise is right for you.
How Much Money Do You Have Available?
A SERVPRO business opportunity comes with corporate support, but you'll still to have some money available for the startup. Some of the most common costs associated with new franchises include the franchise fee, working capital (few businesses are profitable from the get-go,) inventory purchases, and equipment rental fees. You'll probably need a significant amount of money set aside and a good credit score to get a loan.
How Involved Do You Expect To Be?
Franchises through SERVPRO are locally owned and certified. When you become a franchise owner for SERVPRO, do you plan to be hands-on with the fire and water cleanup and restoration services and the mold mitigation and remediation work? If you don't plan to participate directly, who will do the work? How will you pay employees?
Are You Ready To Get Started?
Each SERVPRO franchise is based on a great business model, and the franchises are some of the best to own and operate. With a lot of corporate support and access to local resources, you could operate a small local disaster business or work toward a much-larger multi-location system.