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Prism Specialties

Prism Specialties is the leading franchise in specialty restoration services, offering effective recovery solutions for residential and commercial disasters, including textiles, electronics, art, documents, and more.

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Prism Specialties Franchise Cost and Requirements for 2024

Background

Why Prism Specialties?

  1. B2B Sales with Repeat Referrals from National Relationships (with Large Partners & Insurance Carriers)
  2. Scalable Business with Multi-Revenue Income Potential
  3. Minimal Inventory
  4. Few Employees
  5. Large, Protected Territories
  6. Inconsistent Local Competition and No True National Competition
  7. Family-Friendly Hours
  8. Strong Support Structure
  9. Recession-Resistant Business Model
  10. Business Tools to Manage Your Business with a Paperless Environment

Company Details

Established: 1993
First Unit Franchised: 2012
Franchised Units: 150+
Company Owned Units: 0
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Hawaii - HI, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, Washington - WA, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By Prism Specialties

Financial Assistance Provided: No
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: No
Cooperative Advertising: No
Training:
Jump Start program (8-10 weeks) and Initial Training Program (5-10 days), as well as field visits and ongoing training.

This includes Service Line training, Sales training, Technical training as well as regional meetings and a national convention.

2024 Franchise Requirements Needed to Own a Prism Specialties Franchise.

What does a Prism Specialties Franchise Cost?

Prism Specialties franchise fees for 2024:

  • Cash Investment: $149,999 - $322,297 (1 unit)
  • Total Investment: $149,999 - $322,297 (1 unit); $191,000-$282,000 (2 units); $245,000-$322,000 (3 units)
  • Required Net Worth: $200,000
  • Required Liquid Capital: $50,000
  • Single Unit Franchise Fee: $50,000
  • Franchise Fee for each addtion unit: $50,000 for 1 unit; $67,500 for 2 units; $85,000 for 3 units
  • Royalty: 7%
  • National Marketing Fund: 2%
  • Other Fees: 1% National Account as well as Local Cooperatives and Local Marketing

Average Number of Employees at Start/at Maturity: 3 employees (Owner, Technician per ServiceLine, Business Development Manager)

Item 19: Yes

Visa Candidates: No

Passive Ownership: No

Semi-Passive Ownership: Yes

Specify: The owner will follow the business plan set form, execute on the marketing and sales programs, and foster B2B relationships with key audience members. The Technician will be hands on and the Business Development Manager will focus on sales.

Owners do not perform the restoration work, and the franchise has a strong support structure at a home office...with family-friendly hours.

Semi-absentee only considered with General Manager in place.

Home-Based: Yes


B2B: Yes

Master Franchise Opportunities: No

Veteran Discount: Yes($2,000 Discount off FF)

Is Prism Specialties a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Prism Specialties 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 Prism Specialties a Home Based franchise?

Yes. Prism Specialties is a home based franchise opportunity.

What Do Prism Specialties Franchise Owners Make?

Click here to find out how much Prism Specialties franchisees make. Prism Specialties offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Prism Specialties a Master Franchise Opportunity?

No. Prism Specialties is not a master franchise opportunity.

Does Prism Specialties Offer a Veteran Discount?

Yes. Prism Specialties franchise does offer a veteran discount.

Does Prism Specialties Work with E2 Visa and EB-5 Visa Candidates?

No. Prism Specialties franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Prism Specialties Looking for Franchisees in Canada?

No. Prism Specialties franchise is not looking for Canada franchisees.

Is Prism Specialties Looking for International franchisees?

No. Prism Specialties franchise is not looking for International franchisees.

Where can I see Prism Specialties'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, Recently Added Franchises, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

Yes

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Prism Specialties Franchises for Sale

Click Here to inquire about existing Prism Specialties franchises for sale. We may have Prism Specialties 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 Prism Specialties

Refresh Renovations, Bio-One, Rytech, AAMCO Transmissions and Total Car Care, Miracle Method Surface Refinishing, Painter1, RestorFX Automotive, Global Enterprise Disaster Restoration, Husband For A Day, NOVUS Glass, Deck Medic, Colors On Parade, Onsight Repairs

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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