BOR delivers water, fire, contents cleaning, mold remediation, and post-remediation repair services to residential, commercial, and governmental properties. The franchise focuses on comprehensive property restoration solutions.
Key Insights
- The franchise has evolved over time, adapting its service offerings and operational model to meet market demands. Its core business revolves around providing essential services that cater to a widespread need within communities, fostering consistent customer engagement through accessible and reliable solutions.
- The business operates through a network of independently owned and operated locations, each adhering to established brand standards and operational protocols. This decentralized structure allows for local market responsiveness while maintaining a unified brand experience for customers across different regions.
- The industry in which the BOR operates is characterized by its enduring relevance and consistent demand, driven by fundamental consumer needs. This sector experiences ongoing shifts, influenced by technological advancements and evolving consumer preferences, presenting opportunities for growth and service innovation.
Franchise Fee and Costs to Open
Exploring the financial picture of BOR gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $185,894 - $230,444, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $577,545 and estimated earnings of $69,306 - $86,632 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.2-5.2 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
BOR provides comprehensive training for new franchisees. Initial training, lasting two weeks, is conducted at BOR's corporate headquarters. This program covers operational procedures and brand standards. BOR offers ongoing support and resources, including access to a digital operations manual and marketing materials, to help franchisees launch and develop their businesses.
Legal Considerations
Legal considerations for a BOR franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Home & Building Services franchise under a BOR model presents considerations. Franchisees may encounter a diverse local competitive landscape, requiring distinct market positioning. Managing operational complexity, from scheduling to service quality, demands robust systems. Reliance on specific supply chains for materials and equipment introduces potential fluctuations affecting service delivery and cost management.
Franchise Datasheet
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