Start-Up Costs and Fees |
||
| OpenWorks | Servpro | |
| Investment | 15000 - 150000 | 167575 - 221450 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5-10% | 3-10% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 1967 |
| Year Franchised | 1983 | 1969 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| OpenWorks | Servpro | |
| Experience | General business experience | General business experience Marketing skills |
Financing Options |
||
| OpenWorks | Servpro | |
| Franchise Fees | Yes | Yes |
| Start-up Costs | Yes | No |
| Equipment | Yes | Yes |
| Inventory | Yes | Yes |
| Receivables | Yes | No |
| Payroll | No | No |
Training & Support |
||
| OpenWorks | Servpro | |
| Training | Business development program | |
| Support | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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 |
||
| OpenWorks | Servpro | |
| 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 | |
| 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 | |
| OpenWorks | |
| Servpro | |
| Franchise Fee | |
| OpenWorks | |
| Servpro | |
| Royalty Fee | |
| OpenWorks | 5-10% |
| Servpro | 3-10% |
| Advertising Fee | |
| OpenWorks | |
| Servpro | 3% |
| Year Founded | |
| OpenWorks | 1983 |
| Servpro | 1967 |
| Year Franchised | |
| OpenWorks | 1983 |
| Servpro | 1969 |
| Term Of Agreement | |
| OpenWorks | 10 years |
| Servpro | 5 years |
| Renewal Fee | |
| OpenWorks | |
| Servpro | |
Business Experience Requirements |
|
| Experience | |
| OpenWorks | General business experience |
| Servpro | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| OpenWorks | Yes |
| Servpro | Yes |
| Start-up Costs | |
| OpenWorks | |
| Servpro | |
| Equipment | |
| OpenWorks} | |
| Servpro | |
| Inventory | |
| OpenWorks | |
| Servpro | |
| Receivables | |
| OpenWorks | |
| Servpro | |
| Payroll | |
| OpenWorks | |
| Servpro | |
Training & Support |
|
| Training | |
| OpenWorks | |
| Servpro | Business development program |
| Support | |
| OpenWorks | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Servpro | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| OpenWorks | Regional advertising |
| Servpro | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| OpenWorks | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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) |
Expansion Plans |
|
| US Expansion | |
| OpenWorks | |
| 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 |
| Canada Expansion | |
| OpenWorks | |
| Servpro | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| OpenWorks | |
| Servpro | |