Investing in a franchise brand is a great way to become your own boss, and opening a property restoration franchise with PuroClean means you’ll be joining a trusted and established brand that has 20 years of industry experience. But as you learn more about the world of franchising, you might be confused by some of its terminology and language. Here, we’ll look at a few common franchise terms you’ll come across as you move forward in your journey, what they mean, and why they’re important.
Simply put, a franchisor is a company or brand that’s offering an investment opportunity to potential franchisees. But in reality, a franchisor is much more than that — or should be, especially when opening a PuroClean property restoration franchise. The people behind the brand are what really determine the strength of a franchisor because those people will be the ones you’ll turn to for ongoing support. In addition to selling you the right to open locations and sell products or services using their brand name, they’ll also be the people who make sure you’re well trained and ready to do business. The training and support we offer is one of the best reasons to open a franchise with PuroClean because it’ll allow you to be in business for yourself but not by yourself!
A Franchise Disclosure Document (FDD) is a very important standardized document required of all franchisors by the Federal Trade Commission. Serious potential investors always have at least two weeks to review ours, often with their attorneys. In it, they’ll find answers to many of the questions they may have about the PuroClean brand, including answers to questions regarding our history, our team leaders, our investment numbers, and what they can expect from us in the way of training and support. Investors also learn more about what’s expected of them as a PuroClean partner and any fees they’ll be responsible for.
Becoming a franchisee involves several important steps, each one providing both the franchisor and the potential franchisee opportunities to learn more about each other. Perhaps no step does that better than a Discover Day. All franchise brands have a Discover Day as part of their franchise process. It’s a time for prospective franchisees to meet with brand leaders to learn more about the culture of a brand, its value propositions, and its support of franchisees. It typically takes place at corporate headquarters and is usually the last step before a franchise agreement is signed.
A franchise fee is the one-time lump sum you’ll pay to become part of a brand family. All franchisors charge a franchise fee, payable upon the signing of a franchise agreement, and when you open a restoration franchise with PuroClean, you can expect to pay approximately $55,000. This fee covers the cost of your onboarding and pre-opening training. It also grants you access to our proprietary materials, logos, and resources, as well as gives you the right to do business under the recognized and respected PuroClean name.
To find out more about opening a property restoration franchise with PuroClean, get in touch today!
Known as the “Paramedics of Property Damage™,” PuroClean provides fire and smoke damage remediation, water damage remediation, flood water removal, mold removal and biohazard clean-up to commercial and residential customers. Founded in 2001, PuroClean has quickly become one of the fastest growing property restoration franchise organizations in the nation with a comprehensive network of 400-plus franchise offices across North America. PuroClean technicians are thoroughly screened, insured, and trained in utilizing the latest in mitigation technology and procedures, while operating under a strict code of ethics. Each PuroClean office is independently owned and operated. For more information about PuroClean, click here to download a franchise kit.