CORE Group Restoration provides disaster recovery and property damage restoration services for fire, smoke, water, wind, mold, and pathogen damage. The franchise serves residential and commercial clients with mitigation and repair solutions.
Key Insights
- The business began as a single location, growing through a commitment to quality and customer service, evolving its operational model to support expansion and adapt to changing market dynamics.
- The franchise operates by providing customers with essential goods and services, with a focus on streamlined processes for inventory management and customer interaction, ensuring consistency across all locations.
- Operating within the retail sector, the industry is characterized by a constant demand for convenience and value, with opportunities for businesses that offer a reliable and accessible experience.
Franchise Fee and Costs to Open
Exploring the financial picture of Core 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 $82,250 - $362,810, along with a franchise fee of $50,000 - $70,000.
Financial Performance and Revenue
Training and Resources
Core provides comprehensive initial training for new franchisees. This program offers a foundational understanding of the Core brand and operational systems. The training is held at Core headquarters and spans two weeks. Core also provides a suite of resources to support ongoing business development and operational efficiency.
Legal Considerations
Legal considerations for a Core 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
Navigating local market competition requires a clear understanding of consumer needs and competitor offerings. Operational complexity, encompassing scheduling, service quality, and staffing, demands efficient systems. Reliance on specific supply chains for materials and equipment can present procurement and delivery considerations that impact service timelines and cost management.
Franchise Datasheet
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