LIGHTSPEED RESTORATION
Provides 24/7 water and fire damage restoration, remediation, and indoor air quality services for residential and commercial properties, serving homeowners, businesses, and insurance companies within a protected territory.
Your franchise match score
Home Services
Brand highlights
- CEOAndrew G. Skehan
- Headquarters777 International Parkway, Flower Mound, TX, 75022
- Year founded2022
- Year started franchising2023
- IndustryHome Services
- Locations open19 (+19 last three years)
Statistics & metrics
- Investment range$154,230 - $286,500
- Franchise fee$5,000
- RoyaltyFor one or two territories, the greater of: (a) the monthly Royalty fee as calculated in the table below or (b) $500 per month for the first year and $1,000 per month thereafter. For three territories, the greater of the minimum Royalty and the monthly Royalty fee set forth in the tables in footnote 2.
- Brand fundFor one or two territories, the greater of 2% of your Bank Deposits for the preceding month or $500. For three territories, for the first year, the greater of 2% of your Bank Deposits for the preceding month or the amount set forth in footnote 3.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Home Services industry:
Home services cover everything from interior design and cleaning to landscaping and pest control. With homeowners constantly investing in their properties, this industry offers consistent demand and growth potential.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-03-11
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about LIGHTSPEED RESTORATION, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of LIGHTSPEED RESTORATION's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving LIGHTSPEED RESTORATION, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a LIGHTSPEED RESTORATION franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information LIGHTSPEED RESTORATION provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 19 |
| Franchise locations | 19 |
| Corporate locations | 0 |
System growth over time
FAQs
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