Paul Davis Restoration
Insurance restoration- 2022 Franchise 500 Rank
-
#120 Ranked #239 last year
- Initial investment
-
$192K - $517K
- Units as of 2022
-
277 11.7% over 3 years
Here’s what you need to know if you’re interested in opening a Paul Davis Restoration franchise.
Paul Davis Restoration, founded in 1966 and located in Jacksonville, Florida, is an insurance restoration network in North America. It began franchising in 1970. Today, there are more than 250 Paul Davis Restoration locations in the U.S. and Canada. They offer restoration services after natural disasters or emergencies. From hurricanes to leaking pipes, mold infestation, or fire and flood restoration, Paul Davis Restoration strives to be there for their customers when they need them most.
As you run your franchise, you will help people in the community restore their homes to beauty and ultimate functionality. The perfect candidate for a Paul Davis Restoration franchise is passionate about helping others and eager to learn about business.
Why You May Want to Start a Paul Davis Restoration Franchise
Not only do homes and businesses need regular work from small emergencies like leaking pipes, but natural disasters also happen. These incidents may allow your franchise to restore what the disaster destroyed. Paul Davis Restoration has years of business experience. Their proven business and marketing models may attract loyal and steady clientele with their professional and efficient restoration crews.
What Might Make a Paul Davis Restoration Franchise a Good Choice?
For over 50 years, Paul Davis Restoration has been committed to providing the best restoration services in North America. The company strives to give clients a hassle-free experience by providing quality services. They are one of the top restoration companiesbecause of this commitment to professionalism and quality.
Paul Davis Restoration has been ranked in Entrepreneur’s Franchise 500 many times in the past two decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To partner with Paul Davis Restoration, you will need to make a financial investment. To be part of the team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
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How Do You Open a Paul Davis Restoration Franchise?
Submit a franchise inquiry when you feel like you are ready to learn more about opening a Paul Davis Restoration franchise. You should also review their available markets to see which area suits your needs. Research the brand and your local area to see if a Paul Davis Restoration franchise would do well in your community. It may also be a good idea to contact an attorney or financial advisor to ensure that you are financially stable enough to open a Paul Davis Restoration franchise.
If your franchise application is accepted, you will speak to someone on the franchise team who will guide you through the following steps. Expect to complete a large amount of training before you open your doors to business.
Company Overview
About Paul Davis Restoration
- Industry
- Maintenance
- Founded
- 1966
- Parent Company
- FS Brands Inc.
- Leadership
- Rich Wilson, CEO & President
Franchising Overview
- Franchising Since
- 1970 (52 years)
- # of employees at HQ
- 139
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 277 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Paul Davis Restoration franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $50,000 - $130,000
- Initial Investment
- $191,740 - $517,000
- Cash Requirement
- $500,000
- Veteran Incentives
- 25% off franchise fee
- Royalty Fee
- 4%
- Ad Royalty Fee
- 0.75%
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Paul Davis Restoration offers in-house financing to cover the following: franchise fee, startup costs
- Third Party Financing
- Paul Davis Restoration has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 100 hours
- Classroom Training
- 230 hours
- Additional Training
- Follow-up training at 6-month anniversary
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 5
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Paul Davis Restoration landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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