Before investing in a restoration franchise with PuroClean, one of the most important steps you’ll have is reviewing our franchise disclosure document or FDD. But what is an FDD, exactly?
An FDD is a comprehensive document that all franchisors are required to have that covers everything you need to know about a brand, including the cost of investing and what value that cost gets you. We want you to be as well-informed as possible before joining the PuroClean family, so a careful review of our FDD is important. Many potential franchise partners review our FDD with their franchise attorneys because it contains vital information and plays an important role in your journey as a franchise partner.
Before you sit down to read our FDD, it’s essential that you set aside enough time to do so. Understanding the question “What is an FDD?” is vital for anyone considering a property damage restoration franchise. It’s important to grasp the details disclosed within the Franchise Disclosure Document to make informed decisions. An FDD covers a lot of ground, so you’ll have a minimum requirement of two weeks to go over ours before any documents can be signed.
Our goal is to provide you with accurate and validated information you can use to make an educated decision about your investment with us. You’ll probably also have questions as you read through it, so we make sure to dedicate as much time as you need during the process to answer any you might have. We want you to feel confident as you move forward, and do everything possible to make sure you are.
Most potential franchise partners are interested in the restoration franchise cost of investing with PuroClean, and our FDD clearly lays that out. You’ll learn what initial fees are associated with becoming a franchise partner, including the franchise fee itself and the cost of any necessary equipment or materials. You’ll also learn more about the ongoing fees you’ll be responsible for, including monthly royalty and marketing fees. It’s important that you have a clear sense of what’s expected of you financially, and our FDD provides that information in a straightforward and transparent manner.
You may also be curious about your potential restoration business profit margin if you invest in a PuroClean franchise. Despite recent economic uncertainty, the property damage restoration industry is an excellent example of recession resistant businesses and PuroClean is a proven leader in the industry. This could be the opportunity you’ve been looking for to invest in yourself and your family while providing essential services to your community.
Because you’ll be an ambassador of the PuroClean brand name, and because consistency is key to the success of any franchise brand, it’s important that you adhere to our guidelines and processes that are detailed in our FDD. While you’ll have plenty of freedom to run your restoration franchise the way you’d like, it’s important to adhere to our business model, utilize all of our proprietary materials and embrace the culture of our brand. Converting a business to a franchise is also an excellent way to join the PuroClean family, and our FDD can help you envision what a PuroClean franchise will look like. This kind of consistency helps to distinguish us from our competitors and sets all our franchise partners up for success by taking a lot of the guesswork out of running their businesses.
We take the franchise partner/franchisor relationship very seriously, which is why our FDD spells out exactly what our responsibilities are to you. Investing in a restoration franchise with PuroClean means you can expect comprehensive training at the state-of-the-art PuroClean Academy before you open, and ongoing support after you begin your business — for the life of your business! You’ll also learn what resources will be made available to you, including materials to help you with water damage restoration marketing, proprietary software, our operations manual and more.
The question “What is an FDD?” has many answers, and an FDD also covers other areas of your investment, including our company history, our training and support, financial performance representation and other essential information. Our FDD has been carefully crafted to protect the best interests of all parties and is just one of the ways we show our commitment to a straightforward and transparent process.
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.