Start-Up Costs and Fees |
||
| Servpro | Magic Bubbles | |
| Investment | 167575 - 221450 | 79025 - 197800 |
| Franchise Fee | 0 | |
| Royalty Fee | 3-10% | 6% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1967 | 2007 |
| Year Franchised | 1969 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Servpro | Magic Bubbles | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Servpro | Magic Bubbles | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Servpro | Magic Bubbles | |
| Training | Business development program | On-The-Job Training: 1 week Classroom Training: 1 week |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates |
| Operations | Franchise can be run from home. 40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Servpro | Magic Bubbles | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Florida |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Servpro | |
| Magic Bubbles | |
| Franchise Fee | |
| Servpro | |
| Magic Bubbles | |
| Royalty Fee | |
| Servpro | 3-10% |
| Magic Bubbles | 6% |
| Advertising Fee | |
| Servpro | 3% |
| Magic Bubbles | 1% |
| Year Founded | |
| Servpro | 1967 |
| Magic Bubbles | 2007 |
| Year Franchised | |
| Servpro | 1969 |
| Magic Bubbles | 2016 |
| Term Of Agreement | |
| Servpro | 5 years |
| Magic Bubbles | |
| Renewal Fee | |
| Servpro | |
| Magic Bubbles | |
Business Experience Requirements |
|
| Experience | |
| Servpro | General business experience Marketing skills |
| Magic Bubbles | |
Financing Options |
|
| Franchise Fees | |
| Servpro | Yes |
| Magic Bubbles | Yes |
| Start-up Costs | |
| Servpro | |
| Magic Bubbles | |
| Equipment | |
| Servpro} | |
| Magic Bubbles | |
| Inventory | |
| Servpro | |
| Magic Bubbles | |
| Receivables | |
| Servpro | |
| Magic Bubbles | |
| Payroll | |
| Servpro | |
| Magic Bubbles | |
Training & Support |
|
| Training | |
| Servpro | Business development program |
| Magic Bubbles | On-The-Job Training: 1 week Classroom Training: 1 week |
| Support | |
| Servpro | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Magic Bubbles | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Servpro | Co-op advertising, Ad slicks, National media, Regional advertising |
| Magic Bubbles | Co-op Advertising Ad Templates |
| Operations | |
| Servpro | Franchise can be run from home. 40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Magic Bubbles | |
Expansion Plans |
|
| US Expansion | |
| Servpro | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Magic Bubbles | Florida |
| Canada Expansion | |
| Servpro | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Magic Bubbles | |
| International Expansion | |
| Servpro | |
| Magic Bubbles | |