Servpro is a franchise-based cleaning company, specializing in cleaning up after water damage. It operates throughout the United States and Canada, with over 1,700 branches spread throughout the continent. Servpro has been in operation for more than 50 years, and during that time have covered a wide range of cleanup operations. Perhaps most famously, Servrpro was directly involved in the cleanup operations after Hurricanes Katrina and Ike in 2005 and 2008 respectively.
The range of services that Servpro offers includes the following:
Home restoration services
In general, what Servpro is best known for is cleanups after an emergency. However, they also offer ongoing services, such as regular cleaning services.
Servpro was founded in 1967 in Sacramento, California, and has since grown to the cleanup giant it is today. Where Servpro differs from its competitors is the size and scope of its operational expertise. Very few other cleanup and restoration companies are able to match the number of franchises, nor the entrenched expertise of Servpro. However, this excellence does come at a price. There may be cheaper local options.
If you experience a water or fire damage emergency, the shock of the experience is likely to prevent you from conducting full and thorough research of prices. In this instance, choosing a professional, national franchise is a solid option.
This guide will discuss the Servpro pricing structure, which will ensure that you have a ballpark figure before starting. Indeed, planning which company to call in an emergency will help you make the right decision when the time comes.
of homes will experience some level of water damage at some point.
This means that there’s a strong chance you’ll need to make the call to a restoration company. This guide will walk you through the pricing involved in that call.
Although it is impossible to know exactly what the nature of your emergency will be in advance, you can make some calculations based on probability. Furthermore, Servpro has a very transparent and consistent list of prices that can help you plan in advance.
Servpro charges a minimum of $145 for any service.
This effectively functions as a call-out fee, except it is deducted from the cost of the work if it exceeds the $145 figure. This is consistent across the Servpro locations.
The rule of thumb is that Servpro will charge $0.35 per square foot in your home for basic work.
This figure varies somewhat from state to state but doesn’t deviate too greatly. If you have a basement around 1,500 square feet that requires cleaning, then you can expect to pay $525. Use this as your ballpark figure for all services, and you won’t go too far wrong. The table below shows the price per square footage based on this calculation.
The average cost to clean up and restore water damage is $2,700.
Cleaning up water damage is a major process since it involves removing the water, drying the space, and then removing the odor. It may also involve disinfecting and sanitizing the area as a whole. The cost of water damage restoration can therefore rise very quickly to $7,500 for severe damage.
Like many water restoration companies, Servpro also works with mold restoration. Mold and water are inherently related (as moisture provides the perfect environment for mold to flourish), and mold often requires the use of specialist equipment and knowledge to prevent it from becoming too widely spread throughout a home.
UNLIKE WATER DAMAGE,
mold damage is less of a time-sensitive emergency. Although it is definitely better to address the problem sooner rather than later. This gives you more scope to find quotes and less need to plan ahead. However, Servpro’s services are transparent enough that you can get a sense in advance of what the work will cost.
One of the big issues with mold in your home is that it’s not always easy to see the extent of the spread, meaning you call out a professional who will give you a quote on the spot. This means that predicted prices for mold removal are often a wide range since it requires an on-site inspection to ascertain a true cost.
SOME TYPICAL COSTS ARE:
For a typical residential crawl space, you can expect to pay between $500 and $4,000 for mold removal.
The average cost of mold removal is between $1,200 and $3,400.
This wide range exists because of the mold’s ability to spread to multiple rooms of a home. As such, a mold restoration project will usually involve many different rooms, making the entire process very labor intensive (as well as why it’s best to catch mold sooner rather than later).
In all cases, mold removal services can be bundled with water restoration services, which will help to bring the cost of both down. Again, be sure to get a full quote before proceeding with work.
If you are thinking not of using Servpro as a service provider, but instead as a business opportunity, then you may be interested in becoming one of around 1,700 franchise holders throughout the United States and Canada.
Although this suggests market saturation, Servpro still actively recruits candidates, preferring to offer specific geographical areas in which to operate. Because of the size of Servpro’s operation, it allows franchisees to gain a great deal of expertise and experience with relative ease.
The franchise fees involved in owning a Servpro franchise are as follows:
Initial Franchise Fee
$60,000, plus $667 per 1,000 people in the franchise area. This means that if you are planning on operating in a town of 150,000, your cost will be $160,000. This helps to match the price of the franchise to the potential value of the business and ensures that prospective franchisees demonstrate that they understand their market.
Equipment & Products Package
$64,250. This is a further upfront cost, which includes all of the equipment you will need to successfully run your franchise (van, specialist cleaning equipment, etc.). All of this is branded and proprietary material, meaning you won’t be able to buy from anyone else.
$3,850 – $8,500. These are the products you will use on a daily basis, such as disinfecting soap and the like. Again, you will be compelled, as part of your franchise agreement, to buy these from Servpro.
$4,000 – $5,750. Like most franchise operations, Servpro has strict rules on the level and type of insurance its franchisees must carry. Since you will be operating in potentially dangerous environments amongst people’s prized possessions, the level of insurance (in terms of both premiums and insurance levels) is high.
These fees are all stated upfront and require a prospective franchisee to create a business plan to determine the strengths and weaknesses of the opportunity presented. However, the proven success of the Servpro brand and the fact that there are so many franchises in operation demonstrates how profitable a venture it can be.
So whether you want a career running a Servpro franchise, or simply want the mold removed from your crawl space, you can work out the ballpark price using the above information. As a company, Servpro is regarded as a reliable operator, with a high BBB rating (A-) and strong customer feedback scores on multiple review sites.