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We want you to feel fully prepared to open your business, that is why we invite you to Salt Lake City for six days of intense restoration training. By the time you leave, you’ll have obtained a solid foundation on which to build your own SoCom Restoration franchise, and a clear grasp of the management system created specifically for new franchisees. In addition, you will learn about our marketing strategies and unique opportunities available to you to increase sales and drive growth. You will be armed with the know-how and tech tools to do mitigate property damage yourself, or properly guide your team to do the work. And that is just the beginning! SoCom Restoration will provide a representative for periodic on-site visits of up to three days. We will also offer quarterly refreshers and look forward to getting the entire SoCom Restoration network together at one event per year.
The total initial investment necessary to begin operations ranges from $86,350 to $204,150 for a single location. This includes a $40,000 initial franchise fee. Please refer to our FDD, Item 7, for details. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
We do not provide direct financing to franchisees, but we may refer to financing sources on a case by case basis.
We charge a royalty fee equal to 8% of gross revenue; reduced to 7% if revenue exceeds $500,000; reduced to 6% if revenue exceeds $750,000. ; reduced to 5% if revenue exceeds $1,000,000. Franchisees contribute 1% of gross revenue to the system marketing fund and 3% to local marketing; collected fees allow us to fund our ongoing support services and the continued development of marketing tools, training programs, and systems upgrades. For a full list of fees and other program details, please refer to our Franchise Disclosure Document (FDD).
The initial term of your agreement is five years, with subsequent successor agreement options of five years each.
If you’re interested in learning more about how to open a restoration franchise with SoCom Restoration, contact us at 833-66-SOCOM (76266) or caleb@socomrestoration.com. We will discuss the possibility of setting up a meeting, speaking with our key team members, and receiving our FDD which contains all the important details you’ll need to make an informed decision.
If you seek professional fulfilment that comes from taking care of others in their time of need, with a unique property restoration franchise, we invite you to learn more about SoCom Restoration.