6/10

Franchimp Summary Rating

5 /10
Lower than 50% of peers

Franchise Summary

Description
Prism Specialties is a franchise that specializes in the restoration and cleaning of valuable items such as art, antiques, and collectibles, employing trained professionals to ensure high-quality workmanship and customer satisfaction. The franchise model allows individuals to operate their own restoration business with support and resources, targeting art collectors, museums, and individuals seeking to preserve their valuable possessions.
Corporate Structure
We franchise the right to operate a franchised business offering the following Service Lines under the proprietary marks we designate (each a 'Franchised Business'): (A) 'Art Approved Services' or 'Art Services' refers to the offering for sale services and related products for the recovery, repair and restoration of artwork and collectables, including paintings, frames, works on paper, photographs, sculptures, murals, mosaics, decorative arts, and other similar collectables for both residential and commercial consumers using state-of-the-art fire and disaster recovery technologies; and/or (B) 'Electronic Approved Services' or 'Electronic Services' refers to the offering for sale services and related products for the recovery, repair and restoration of electronic equipment and data for both residential and commercial consumers using state-of-the-art fire and disaster recovery technologies; and/or (C) 'Textile Approved Services' or 'Textile Services' refers to the offering for sale services and related products for the recovery, repair and restoration of fabric, clothing and textiles using stateof-the-art fire and disaster recovery technologies; and/or (D) 'Document Approved Services' or 'Document Services', refers to the offering for sale services and related products for the recovery, repair and restoration of documents using state-of-the-art fire and disaster recovery technologies. Collectively 'Art Approved Services', 'Electronic Approved Services', 'Textile Approved Services' and referred to as 'Primary Service Lines'. Together the 'Primary Service Lines' and 'Document Approved Services' are referred to as the 'Approved Service Lines'.

Earnings Transparency

7 /10
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 "Art" Units

Average Revenue Per Unit

Compared vs. Damage Restoration Services Industry

$402,905 / unit

Franchise Type: Art

Average Revenue During 2020

$402,905
$338,657
Industry Low
$1,374,505
Industry High

Financial Performance of "Electronics" Units

Average Revenue Per Unit

Compared vs. Damage Restoration Services Industry

$632,943 / unit

Franchise Type: Electronics

Average Revenue During 2020

$632,943
$338,657
Industry Low
$1,374,505
Industry High

Financial Performance of "Textiles" Units

Average Revenue Per Unit

Compared vs. Damage Restoration Services Industry

$338,657 / unit

Franchise Type: Textiles

Average Revenue During 2020

$338,657
$338,657
Industry Low
$1,374,505
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Prism Specialties Franchise System Development in 2022

FAQ

How much investment do I need to start my own Prism Specialties business?
Franchisees typically require at least $149 to $227 investment to get their Prism Specialties business started
What are the initial franchise fees for Prism Specialties?
Franchisees typically need to pay at least $80 in fees directly to Prism Specialties in order to earn the right to launch their business
How much money can I make with a Prism Specialties franchise? What are the average revenues for a typical Prism Specialties business?
We haven’t done the math on how much revenue a typical Prism Specialties brings in each year. We estimate that other franchisees in the Professional Services industry generate $402,905 revenue, so we would expect Prism Specialties to generate a similar amount
How long do I need to commit to running a Prism Specialties unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

5 /10
The Franchisor's investment costs ranges from $149,999 to $227,781 which is Much Lower than the $0 to $0 average in the Damage Restoration 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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