Rainbow International
Professional Services Maintenance ServicesCompany Information
Address
1010-1020 North University Parks Drive Waco, Texas 76707
Website
Tel
Not Available
Email
Franchise Summary
Description
Ranchisee, you will perform water restoration services, fire restoration services, smoke and odor clean-up, hard surface, carpet and upholstery cleaning, reconstruction and other related restoration and cleaning services for residential and commercial customers. You may perform mold remediation services if you purchase the optional mold remediation equipment and training. You may perform air duct cleaning services if you purchase the optional air duct equipment and training.
Company Background
Rainbow International is the world's largest disaster restoration company. We are a family of dedicated, hard-working people who strive to provide excellent customer service so you can focus on getting your life back in order. We have been providing quality services since 1979 and have helped over one million families around the world rebuild after a devastating event. As a franchisee, you will perform water restoration services, fire restoration services, smoke and odor clean-up, hard surface cleaning carpet and upholstery cleaning reconstruction among other related jobs.
Franchise Opportunity
Water damage, fire damage, and other types of disasters can be a nightmare for homeowners and business owners. Not only do these types of disasters often cause extensive property damage, but they also often lead to the growth of harmful mold and bacteria. Rainbow International is here to help. We are experts in water restoration, fire restoration, smoke and odor clean-up, hard surface cleaning, carpet and upholstery cleaning, reconstruction, and other related restoration and cleaning services. Our franchisees are professionally trained and equipped to handle any size disaster.
Corporate Structure
Rainbow International LLC was converted to a Texas limited liability company on December 31, 2011. Prior to that date, they were a Texas corporation. They were incorporated in the State of Texas on December 19, 1980. They maintain their principal place of business at 1010-1020 North University Parks Drive, Waco, Texas 76707. They are a wholly-owned subsidiary of Dwyer Franchising LLC d/b/a Neighborly.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Rainbow International® franchise ranges from $172,170 to $278,595. This includes $35,000 that must be paid to the franchisor and our affiliate. It does not include fees for additional territory (beyond the minimum 100,000), for which we charge $350 per 1,000 population.
Royalties and Marketing Fees
Royalties : 2.0% - 8.0% of revenue
Royalties : Not to exceed 3% of Gross Sales.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Maintenance Services Industry$606,365 / unit
Franchise Type: Standard
Average Revenue During 2020
Management Team
| # | Name | Position |
|---|
Distribution of Rainbow International Franchisees
Rainbow International Franchise System Development in 2021
FAQ
How much investment do I need to start my own Rainbow International business?
Franchisees typically require at least $156,682 to $260,856 investment to get their Rainbow International business started
What are the initial franchise fees for Rainbow International?
Franchisees typically need to pay at least $40,000 in fees directly to Rainbow International in order to earn the right to launch their business
How much money can I make with a Rainbow International franchise? What are
the average revenues for a typical Rainbow International business?
We estimate that the average revenue of an individual
Rainbow International unit is approximately
$606,365. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Rainbow International unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$210,500 to $457,055
which is
Much Higher
than the $0 to $0 average in the Maintenance Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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