Roto-Rooter Plumbing & Water Cleanup company that provides plumbing, water damage cleanup, repair, sewer, and drainage services to individuals and businesses in the United States. The company operates 118 company-owned businesses, roughly 600 franchises all over the world. Let’s know ‘Is Roto-Rooter a Franchise?’
A franchise is whereby an operational business grants its operations including its products, brand name, and knowledge to a franchisee in exchange for a fee. Roto rooter is a franchise since it has licensed business its operations, brand name, and business knowledge.
How to Open a Roto-Rooter Franchise Business?
If you are looking to start a roto-rooter franchise business, you can look at the requirements needed and research information about the investments. Here we will look at the requirements/ steps one can take to open a roto rooter franchise.
- Capital.
Capital is the most important element before starting any business venture. One requires capital to get their operation up and running. The net worth required to open a roto-rooter plumbing and water cleanup franchise business, you need a capital of around $40,000 – $65,000.
- Investment Required.
Before thinking of opening a roto-rooter franchise, one may consider the investment required in the purchase of pieces of equipment, uniforms, insurance, signs, and the cost of acquiring licenses and permits.
- Skills and Experience.
For your franchise to succeed, you will evaluate your skills and experience. Make sure that you have the right management skills to run a roto-rooter plumbing and water cleanup business.
- Evaluate The Market.
Before opening your roto-rooter franchise business you may want to conduct market research. This research will help you identify the availability of that market in your area and if people are willing to purchase the products and services you are providing.
- Apply.
After doing all the above and still interested in opening a roto-rooter franchise business, you can go ahead and submit your application. The roto-rooter franchise team will review your application and later email you confirmation of receipt after completing your online application.
- Approval.
Once you meet the financial and background checks requirements, you will receive approval. You can go ahead and open your rotot0rooter franchise business.
How Much Does One Need to Open a Roto-Rooter Franchise?
The investment required to open a roto-rooter franchise business is approximated at $40,000 to $65,000, a franchise fee of between $15,000 to $25,000. The franchise fee allows you to operate under the roto-rooter brand name.
Initial capital- $40,000 – $65,000
Franchise fees- $15,000
Investment – $85,000- $255,000
Term agreement- 10 years
What Type of Support Does One Receive When Starting a Roto-Rooter Franchise?
When one opens a roto-rooter franchise business, there is some support that Roto-Rooter helps with. Instead of training you with specific operations, they instead help you in promoting your business.
The following is the kind of assistance one receives from roto-rooter:
- Business plan.
- Software support.
- Advertising in the yellow pages directory and online platforms.
- Brand identity items such as roto-rooter stickers.
- Use the brand name and advertising song to promote your business.
- Assist with telephone appliances and help you pay your telephone monthly bill.
- Help with certain pieces of equipment e.g. water jet drain cleaners and cameras.
What Are the Advantages of Investing in A Leading Franchise?
There are several advantages of investing in a franchise:
- Business Support.
One of the most advantageous things about franchising is that you get to receive business support from the franchisor depending on the terms and structure of the agreement. The franchisor may help the franchisee with things such as equipment, advertising, and anything that is required for day to day running of the business. Some may even offer training to guide them through the process of running a business.
- Brand Name Recognition.
Franchise businesses are established businesses with customer and product bases. Opening a franchise business is advantageous since people recognize the product and services offered by the business, unlike a startup company where you will have to create your brand and customer base.
- Profits.
Most franchises record profits since they have an established business and customer base who recognize their brand. Even though it requires a high investment capital they attract high-profit returns.
- High success rate.
Investing in a Franchise business has a success rate compared to an individual business. Franchises have a proven business concept, customer base, and their products and services are in demand.
Conclusion
Roto-rooter is a franchise business that operates over 600 franchises across the world. Opening a roto rooter franchise is easy since it 8only requires an initial capital of about $40,000 and a franchisee of $15,000. Roto-rooter franchisor assists its franchisees once they open their business.
Frequently Asked Questions
- How much does a roto-rooter franchise business make?
How much a roto-rooter franchise makes will depend on certain factors including the location of your business, demand for your products and services, rent, labor, and other factors.
- Who owns roto-rooter?
Roto rooter is a subsidiary company of Chemed Corp. a home health care service company.
- What is the contract period when opening a roto rooter franchise?
The terms of agreement of the roto-rooter franchise business are 10yrs.
