Service Team of Professionals
Residential and commercial restoration services, including cleaning, deodorizing, and reconstruction of buildings and contents damaged by fire, smoke, water, mold, normal wear, or other causes.
Your franchise match score
Home Services
Brand highlights
- CEORobert Weddle
- Headquarters7120 Samuel Morse Drive, Columbia, MD, 21046
- Year founded2021
- Year started franchising1996
- IndustryHome Services
- Locations open29 (-2 last three years)
Statistics & metrics
- Investment range$84,700 - $143,500
- Franchise fee$48,000
- RoyaltyOriginal Opening Date Through End of Calendar Year: During the remainder of the first calendar year following the Original Opening Date, your Royalty Fee will be equal to the greater of: (a) 9% of Gross Revenue; or (b) the Minimum Royalty Fee, as determined below. Full Calendar Years: Starting in the first full calendar year following the Original Opening Date and continuing for the remainder of the term, your Royalty Fee will be equal to the greater of: (a) the Applicable Percentage; or (b) the Minimum Royalty Fee, as determined below: “Applicable Percentage” means: • 9% of Gross Revenue for the first $500,000 in annual Gross Revenue; • 8% of Gross Revenue for annual Gross Revenue from $500,001 to $800,000; and • 7% of Gross Revenue for annual Gross Revenue in excess of $800,000. Currently, the “Minimum Royalty” Fee is calculated as follows: Time Period Following Original Opening Date Months 1 – 12 $395 per month Months 13 – 24 $1,000 per month Months 25 – 36 $1,500 per month Months 37 – 48 $2,000 per month Months 49+ $2,500 per month.
- Brand fundBrand Fund Contribution Currently, you are required to make a Brand Fund Contribution as follows: Time Period Following Original Opening Date Applicable Monthly Brand Contribution Months 1 – 12 $595 Months 13+ The greater of $595 or 2% of Gross Revenue
- 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: 2021-05-17
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Service Team of Professionals, 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 Service Team of Professionals's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Service Team of Professionals, 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 Service Team of Professionals franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Service Team of Professionals provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 29 |
| Franchise locations | 29 |
| Corporate locations | 0 |
System growth over time
FAQs
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