About Lightspeed Restoration - Conversion Franchise
Lightspeed Restoration is a property damage restoration franchise providing 24/7 water damage, fire damage, and indoor air quality services to both residential and commercial customers.
The brand operates under Home Franchise Concepts, LLC, one of the largest home services franchise organizations in the country, giving owners access to established infrastructure and support systems.
This conversion offering is designed for existing restoration business owners looking to join a national brand, with a franchise fee of $0 for qualifying operators.
Lightspeed Restoration - Conversion Franchise Cost & Fees
Minimum Investment
$36K
Average Investment
$53K
Maximum Investment
$70K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $0 | One-time payment upon signing |
| Royalty Fee | 8.0% - 5.0% of bank deposits or $1,000 per month of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Greater of 2% of bank deposits (up to $2,000,000 annually) or $500 per month | National brand fund |
| Total Investment Range | $35,750 – $70,000 | Includes build-out, inventory, working capital |
The investment range of $36K–$70K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (8.0% - 5.0% of bank deposits or $1,000 per month) and marketing fee (Greater of 2% of bank deposits (up to $2,000,000 annually) or $500 per month) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Technology Systems Package | $0 | $3,000 |
| Professional Fees | $750 | $2,000 |
| Initial Marketing | $10,000 | $15,000 |
| Additional Funds – Before Opening and First 3 months | $25,000 | $50,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | Greater of $24,950 or 6% of sale price up to $50,000 (new franchisee); $5,000 per territory (existing franchisee) |
| Renewal Fee | $5,000 |
| Technology Fee | Currently $600 per month per Approved Location |
| Audit Fee | Cost of inspection or audit |
| Additional Email Account Fees | $25 per additional account per year |
| Training for Additional Personnel | up to $1,500 per additional attendee |
| Additional Territory Fee | An amount equal to the then-current initial Territory Fee |
| National Account Fees | Negotiated individually with the National Account |
| Encroachment Payment | 100% of your gross sales in another franchisee’s territory |
| Transfer Lead Referral Fee | Currently $15,000 or the amount of any broker fees that we must pay a third party |
| Insufficient or Late Payment Fee | $300 |
| Convention Fee | Currently $720 plus travel, accommodation and some meals (not to exceed $1,500 annually) |
| Optional Meetings and Trainings | Generally $100 - $1,500 depending on venue and mode of delivery plus travel, accommodation and some meals |
| Additional Training Requested by You | Currently $500 per day, plus travel and expenses |
| Insurance | You must reimburse our costs |
| Costs and Attorneys’ Fees | Varies |
| Indemnification | Varies |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 80 hours |
| Classroom Training | 80 |
| On-the-Job Training | 0 |
| Training Location | Online and Various Third Party Locations |
| Additional Training | Additional on-site training is available at your expense ($500 per day plus travel and living expenses). Franchisor may require attendance at additional training courses, seminars, conferences, or other programs, with franchisees responsible for travel, hotel, and meal expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Minimum population of 200,000 |
| Description | You will not receive an exclusive territory and may face competition from other franchisees, company-owned outlets, or competitive brands. A Protected Territory is granted, typically with a minimum population of 200,000, based on geography, demographics, and other factors. The Call Center generally routes appointments to your territory but does not guarantee assignments, especially in emergencies, for large/complex jobs, or if you are non-compliant. Franchisor reserves rights to operate other businesses, solicit National Accounts, and distribute products through alternate channels within your territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | Residue unexpired term of AdvantaClean franchise agreement if more than 5 years remaining, otherwise 5 years |
| Renewal Term | 2 consecutive 5 year terms |
| Renewal Fee | $5,000 |
| Renewal Conditions | Pay renewal fee, sign current franchise agreement, not be in default, make necessary upgrades to the Franchised Business. New agreement may have different terms. |
| Transfer Fee | Greater of $24,950 or 6% of sale price up to $50,000 (new franchisee); $5,000 per territory (existing franchisee) |
| Transfer Conditions | New franchisee qualifies, transfer fee paid, purchase agreement approved, training arranged, release signed by you, all money due and owing to us paid by you, and current agreement signed by new franchisee. |
| Termination for Cause | Material default or non-occurrence of a presumed condition. Examples include bankruptcy, abandonment, misrepresentation, failure to comply with laws, repeated breaches, failure to pay fees, imminent danger to public health/safety, loss of operating rights, or failure to meet minimum gross revenue. |
| Non-Compete Period | 2 years |
| Non-Compete Details | You may not engage in any competing business for 2 years within the former territory or within 25 miles of any LIGHTSPEED RESTORATION™ territory after termination or expiration. You must totally de-identify your business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You (or your principals) must devote personal full-time attention, skill, and best efforts to the management and operation of the Franchised Business and not engage in any other business. A Designated Manager may be employed with franchisor approval, provided they complete initial training. The business must always be staffed with at least one individual who completed initial training. Designated Managers are also subject to non-compete covenants. |
| Required Suppliers | You must purchase certain supplies, restoration equipment, and inventory for initial establishment from the franchisor. The franchisor is the only approved supplier for initial purchases of restoration equipment, certain supplies, and merchandise bearing Proprietary Marks. After initial purchase, these items may be bought from approved suppliers. |
| Supply Restrictions | 70% to 80% of purchases and leases for establishing the business, and 10% to 20% of total purchases and leases for operating the business, will be subject to franchisor restrictions. |
| Franchisor Revenue from Suppliers | Our affiliate, ACER, is an approved supplier of rental equipment. The franchisor may retain rebates or marketing allowances from suppliers and reserves the right to derive revenue from required purchases. No allowances or revenue were received in 2022 as franchising began in 2023. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your loans, notes, lease or other obligations. |
Lightspeed Restoration - Conversion Franchise Earnings — Item 19
Lightspeed Restoration - Conversion does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Lightspeed Restoration - Conversion does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Lightspeed Restoration - Conversion Litigation & Risk Flags
Clean Litigation RecordLightspeed Restoration - Conversion has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Lightspeed Restoration - Conversion System Growth
Total Units
0
Franchised
0
Company-Owned
0
Lightspeed Restoration - Conversion currently operates 0 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 15 states: CA, CT, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Net Income
$-28,512
Total Assets
$368K
Audited by BDO USA, LLP for year ending December 31.
Lightspeed Restoration - Conversion Franchise — FAQ
The total investment to open a Lightspeed Restoration - Conversion franchise ranges from $35,750 to $70,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $0. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Lightspeed Restoration - Conversion charges a royalty fee of 8.0% - 5.0% of bank deposits or $1,000 per month of gross sales, plus a Greater of 2% of bank deposits (up to $2,000,000 annually) or $500 per month contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Lightspeed Restoration - Conversion Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Lightspeed Restoration - Conversion to ensure you have the most up-to-date version.
Lightspeed Restoration - Conversion does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Lightspeed Restoration - Conversion has been franchising since 2023. The FDD shows an investment range of $35,750-$70,000, a 8.0% - 5.0% of bank deposits or $1,000 per month royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $0 and the total investment ranges from $35,750 to $70,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Lightspeed Restoration - Conversion and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Lightspeed Restoration - Conversion or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com