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Lightspeed Restoration

Lightspeed Restoration specializes in cleaning, repairing, and restoring damaged homes and buildings, with a focus on water damage restoration as the most profitable service, supported by a strong leadership team, comprehensive training, and advanced technology.

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Lightspeed Restoration Franchise Cost and Requirements for 2024

Background

A leadership team with over 150 years combined industry experience. No one else in the residential or commercial water damage restoration field matches the intensity of our training program. Franchise Owners and one team member will get free water damage certification training at our own state-of-the-art, flood house at our headquarters in Dallas. Our franchisees also enjoy multiple-day regional training seminars at no cost, as well as:
24/7/365 in-house national call center, at no cost to the franchise owner. Most competitors do not offer this service or charge franchise owner for it!
Training on the ins and outs of working with insurance carriers to streamline the damage claims process to get paid faster.
Loans to keep franchise owners cash flow going during catastrophic events (no re-credit check required!)

The Systems: We keep our franchisees on top of industry trends with virtual
Tech Talks to improve their skills. They also get access to our remarkable restoration-focused CRM system that makes it easier for our franchise owners to handle the reporting, tracking and job management required of a restoration business.

Company Details

Established: 2023
First Unit Franchised: 2023
Franchised Units: 29
Company Owned Units: 0
States Registered In: All, but HI
Canada Franchises: No
International Franchises: No

Support and Training Offered By Lightspeed Restoration

Financial Assistance Provided: Yes, $35,200 at 10% over 5 years
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: Yes
Cooperative Advertising: Yes
Training:
2-week training program at our Experience Center with IICRC Certified
Flood House.
Training covers everything owners need to know to start strong: administration, office set-up, technology, local area marketing, systems, processes, and applications.
Unlimited executive, estimating, and technical support
Large-scale project support from National Service Team
Web-based software platform and current technology for smoother job flow
Online manuals and turnkey marketing and advertising programs
Annual Convention
National Account Program with 30-day payment plan
In-House Call Center
Special support programs including:
Large loss & cat financing programs
Approved IICRC School with FREE courses
Discounted equipment rental during catastrophes
53' semi trailer with equipment for disaster response
Continuing education program managed by HFC

2024 Franchise Requirements Needed to Own a Lightspeed Restoration Franchise.

What does a Lightspeed Restoration Franchise Cost?

Lightspeed Restoration franchise fees for 2024:

Cash Investment: $119,780
Total Investment: $154,230- $252,500
Minimum Net Worth: $300,000
Franchise Fee: $49,000
Royalty: 7-4%
Ad: 2% National Ad Fund
Item 19: No
Average Number of Employees: 3
Visa Candidates: Yes
Passive Ownership: No
Home-Based: No
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes

Is Lightspeed Restoration a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Lightspeed Restoration is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Lightspeed Restoration a Home Based franchise?

No. Lightspeed Restoration is not a home based franchise opportunity.

What Do Lightspeed Restoration Franchise Owners Make?

This information is not available. Lightspeed Restoration does not offer an Item 19 in their Franchise Disclosure Document.

Is Lightspeed Restoration a Master Franchise Opportunity?

No. Lightspeed Restoration is not a master franchise opportunity.

Does Lightspeed Restoration Offer a Veteran Discount?

Yes. Lightspeed Restoration franchise does offer a veteran discount.

Does Lightspeed Restoration Work with E2 Visa and EB-5 Visa Candidates?

Yes. Lightspeed Restoration franchise does work with E2 Visa and EB-5 Visa candidates.

Is Lightspeed Restoration Looking for Franchisees in Canada?

No. Lightspeed Restoration franchise is not looking for Canada franchisees.

Is Lightspeed Restoration Looking for International franchisees?

No. Lightspeed Restoration franchise is not looking for International franchisees.

Where can I see Lightspeed Restoration's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Repair & Restoration, Non Food Franchises

Number of Units Open

20-50 UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

No

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Lightspeed Restoration Franchises for Sale

Click Here to inquire about existing Lightspeed Restoration franchises for sale. We may have Lightspeed Restoration franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Lightspeed Restoration

Brothers That Just Do Gutters, Crawl Space Ninja, Mr. Handyman, Richard's Painting Company, Goodbye Graffiti USA, NOVUS Glass, Deck Medic, Action Tree Services, Colors On Parade, Painter Bros, Disaster Blaster, All States M.E.D, Kitchen Refresh

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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