Who owns SERVPRO now?

Who owns SERVPRO now?

Blackstone
In March 2019, the investment firm Blackstone acquired a majority stake in SERVPRO. True to its beginnings, it remains a family-owned business.

Where is SERVPRO corporate headquarters?

Gallatin, TNServpro / HeadquartersGallatin is a city in and the county seat of Sumner County, Tennessee. The population was 30,278 at the 2010 census and 44,431 at the 2020 census. Named for United States Secretary of the Treasury Albert Gallatin, the city was established on the Cumberland River and made the county seat of Sumner County in 1802. Wikipedia

What type of company is SERVPRO?

Servpro is a franchisor of fire and water cleanup and restoration franchises in the United States and Canada….Servpro.

Type Private, Franchise
Industry Service
Founded 1967
Founder Ted and Doris Isaacson
Headquarters Gallatin, Tennessee , USA

How much did SERVPRO sell for?

$1 billion
Servpro sold to private-equity group. Private-equity firm Blackstone has bought a majority stake in Gallatin-based Servpro Industries Inc., the companies announced Tuesday. A news release didn’t disclose terms of the deal, but a report in The Wall Street Journal last week valued it at $1 billion, including debt.

How many SERVPRO franchises are there in the United States?

With more than 1,900 Franchises, SERVPRO has earned the reputation as #1 choice in the multi-billion-dollar cleanup and restoration industry.

How much does it cost to open a SERVPRO franchise?

To buy a franchise with SERVPRO, you’ll need to have at least $40,000 in liquid capital. Franchisees can expect to make a total investment of $159,000 – $213,000. SERVPRO charges a franchise fee of $49,000 / Equipment Costs $67,000.

Is SERVPRO legit?

SERVPRO Reviews and Customer Service On the Better Business Bureau, SERVPRO is accredited with an A- rating and only one customer review. Unhappy customers mentioned that the company overcharged them for services or was not transparent about pricing up front.

Can you make money owning a SERVPRO franchise?

Servpro Franchise Owners earn 38% lower than the national average income and 47% lower than the national salary average for ‚Äčall working Americans. Profit margins are not that good because you have to pay for your own office space, business cards, marketing material.

Is a SERVPRO franchise profitable?