DRYmedic Restoration Services

Overview

Website: drymedicfranchise.com/

Franchise Fee: $45,000

Royalties: 7%, drops to 5% with higher sale

Cash Investment: $80,000

Total Investment: $196,325 - $318,860

Net Worth: $400,000

VetFran: Yes

SBA Approved: No

Master Franchise / Area Developer Opportunity: No

Additional Details

When it comes to home and business restoration services in the United States, few companies boast a reputation as strong as DRYmedic Restoration Services. We are more than just a repair company – DRYmedic Restoration Services helps our customers rebuild their lives after the unthinkable happens: a natural disaster. Whether it’s a hurricane, flood, or fire, our skilled restoration professionals can efficiently and professionally restore homes to their pre-disaster state.
One of the primary reasons DRYmedic Restoration Services is different from other franchise opportunities is our industry. Unlike many others, the restoration industry is in-demand and essential. Because there will always be storms and accidents of various types, shapes and sizes, there will always be a need for our services.
WHY DRYmedic Restoration Services?
In-demand and essential
Year-round
Multiple sources of revenue --- these problems aren't going away!
OUR IDEAL FRANCHISEE
Able to market and manage business
Adept at helping others
Problem solver
AVAILABLE MARKETS
US markets available: All except Hawaii
HOT Regions/Desirable: Minneapolis, MN, Pensacola, FL, New York, NY, San Antonio, TX, Miami, FL, Washington, DC, Atlanta, GA, Nashville, TN, Indianapolis, IN, Salt Lake City, UT
NOT available: HI
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 1990
Year Franchised: 1996
Number of franchises currently operating: 60
Number of corporate owned franchises: 0
Home Based: No
Absentee ownership available: No
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 2
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $45,000
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $196,325 - $318,860
Net worth requirement: $400,000
Royalty: 7%, drops to 5% with higher sales levels
Additional fees: $12,000 training/Digital/Promo start-up; $28,000 Equipment and Office Items. $595-1.5%/mo ad fund fee
Top Franchisee: $8.5M
Top Location $13.8M
*EBIDTA on Mitigation Services – 26.2% (after imputed royalties)
Financial assistance available: No
VetFran program: Yes
SUPPORT & TRAINING PROVIDED
Training and support program details:
All new DRYmedic Restoration Services franchisees are provided with over 20 days of Initial Training. The first session is 7 days
Initial Training topics include: Business Planning Management, Best Practices, Industry Knowledge, Estimating,
Technical, Hands-On Marketing
After the Initial Training, our franchisees attend regional, industry-certified training courses, and take an online software class
Cost for Training: $1,700-$6,000
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Mentor following training: No
Length of mentoring Franchisee: N/A
Resales Available - Latest list available on the Authority Brands page. For more information contact Beth Williams BWilliams@authoritybrandsllc.com or Karen Riker kriker@authoritybrandsllc.com

Why DRYmedic Restoration Services?

Our Ideal Franchisee

Available Markets

Background

Year founded: 1990

Year Franchised: 1996

Home Based: No

Financial Details

Franchise Fee:$45,000
Providing Earnings Guidance in Item 19 in FDD:Yes
Total Investment Range: Single Unit: $196,325 - $318,860
Net Worth Requirement:$400,000
Royalty:7%, drops to 5% with higher sale
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: