About Lightspeed Restoration - General Franchise
Lightspeed Restoration is a property damage restoration franchise offering 24/7 emergency services for water damage, fire damage, mold remediation, and indoor air quality issues.
The brand serves both residential and commercial customers as well as insurance companies, providing mitigation, cleaning, and full restoration for a wide range of property damage events.
The franchise fee is $5,000, making it one of the most accessible entry points in the restoration industry.
Lightspeed Restoration - General Franchise Cost & Fees
Minimum Investment
$155K
Average Investment
$204K
Maximum Investment
$254K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $5,000 | One-time payment upon signing |
| Royalty Fee | 8.0% - 5.0% of bank deposits (2.0% for subcontracted non-core services) or $500-$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/month | National brand fund |
| Total Investment Range | $154,980 – $253,500 | Includes build-out, inventory, working capital |
The investment range of $155K–$254K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (8.0% - 5.0% of bank deposits (2.0% for subcontracted non-core services) or $500-$1,000 per month) and marketing fee (Greater of 2% of bank deposits (up to $2,000,000 annually) or $500/month) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $5,000 | $5,000 |
| Initial Territory Fee | $44,000 | $44,000 |
| Travel and Living Expenses While Training | $1,000 | $1,500 |
| In-Person Training for Additional Personnel ($1,500 per person) | $0 | $1,500 |
| Supplies, Equipment and Inventory Package | $58,000 | $58,000 |
| Vehicle | $0 | $49,000 |
| Real Estate Rent and Security Deposits | $1,000 | $5,000 |
| Technology Systems Package | $0 | $3,000 |
| Office Equipment, Furniture and Supplies | $400 | $1,000 |
| Credit Card Processing Technology | $30 | $500 |
| Auto Insurance | $1,800 | $3,500 |
| Commercial General Liability, Contractor’s Environmental Liability, Professional Liability, Contractor’s Equipment, Employment Practices, Workers’ Compensation, Property Insurance | $3,000 | $4,000 |
| Contractor’s License and Bonds | $0 | $1,500 |
| Licenses and Certifications | $3,000 | $5,000 |
| 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) for new franchisee; $5,000 per territory for existing franchisee. |
| Renewal Fee | $5,000 |
| Technology Fee | Currently $750/month for first territory; $250/month for second and subsequent contiguous territories; then-current fee for a first territory for additional non-contiguous territories. |
| 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, fees or a percentage of the job |
| 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 Reimbursement | Varies (our costs) |
| Costs and Attorneys’ Fees | Varies |
| Indemnification | Varies |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 13-15 days |
| Classroom Training | 139 hours |
| On-the-Job Training | 22 hours |
| Training Location | HFC Experience Center in Coppell, Texas (Academy training); Online and Various Third Party Locations (Third Party Certifications) |
| Additional Training | We may require you or your designated personnel to attend additional training courses, seminars, conferences, or other programs at no charge. At your request, additional on-site training is available at $500 per day plus travel and living expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Minimum population of 200,000, depending on geography, demographics, and other factors. |
| Description | You will not receive an exclusive territory but will be granted a Protected Territory where we will not sell another LIGHTSPEED RESTORATION™ franchise offering competing services. Appointments from the Call Center are generally routed to you, but exceptions apply for emergencies, large scope/commercial work, mistaken routing, non-compliance, or natural disasters. We reserve the right to operate other businesses, solicit National Accounts, and distribute products/services through alternate channels within your territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 year initial term |
| 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. The new agreement may have materially different terms. |
| Transfer Fee | Greater of $24,950 or 6% of sale price (up to $50,000) for new franchisee; $5,000 per territory for existing franchisee. |
| Transfer Conditions | New franchisee must qualify, pay transfer fee, purchase agreement approved, training arranged, release signed by you, all money due and owing paid, and current agreement signed by new franchisee. |
| Termination for Cause | We can terminate if you commit a material default or if a presumed condition does not occur. Non-curable defaults include bankruptcy, abandonment, material misrepresentation, engaging in conduct reflecting unfavorably on the brand, failure to comply with laws, repeated breaches, unsatisfied judgments, felony conviction, failure to pay fees, imminent danger to public health/safety, termination of other franchise agreements, repeated audit understatement, loss of Approved Location, or failure to achieve minimum Gross Revenue volume. Curable defaults have 7 or 30 days to cure. |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the term of the franchise, you may not be involved in any competing business anywhere in the U.S. or in countries where we have applied to register trademarks. After termination or expiration, you may not engage in any competing business for 2 years within the former territory or within 25 miles of any LIGHTSPEED RESTORATION™ territory. You must 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. You are prohibited from owning, maintaining, engaging in, being employed by, or having any interest in any other business that is not for the sole and direct benefit of the Franchised Business, or that may benefit or promote another business, or be injurious to the brand. A Designated Manager may be employed with franchisor approval and must complete initial training, and is also restricted from other employment. |
| Required Suppliers | You must purchase certain supplies, restoration equipment, and inventory for initial establishment from us. We are the only approved supplier for initial purchase of all restoration equipment (drying, dehumidification, deodorization, etc.) and certain other supplies, as well as materials and merchandise bearing Proprietary Marks. Following initial purchase, these items may be bought from approved suppliers. |
| Supply Restrictions | You must offer only designated mandatory Approved Products and Services and maintain sufficient inventory levels. You may not offer other products/services without prior written authorization. You must use and sell all private label products designated by the System. All products and services must comply with our standards and specifications, which may change at our discretion. You may have to buy or lease items from the franchisor or a limited group of designated suppliers. |
| Franchisor Revenue from Suppliers | Our affiliate, ACER, is an approved supplier of rental equipment. We, our other affiliates, and officers do not own interests in other third-party approved suppliers. We may retain rebates or marketing allowances from suppliers and reserve the right to derive revenue from required purchases from us and our affiliates. We did not derive any such revenue in 2022. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | We offer financing for the Initial Franchise Fee and part of the Initial Territory Fee, totaling $35,200. The term is 60 months at a 10% interest rate, with monthly payments of $747.90. There is no minimum down payment and no prepayment penalty. A Secured Promissory Note and General Security Agreement are required, granting us a security interest in substantially all of your assets. You waive your right to notice of a collection action and to assert any defenses to collection against us. We do not receive direct or indirect payments from third parties for financing placement. |
Lightspeed Restoration - General Franchise Earnings — Item 19
Lightspeed Restoration - General 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 - General 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 - General Litigation & Risk Flags
Clean Litigation RecordLightspeed Restoration - General 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 - General System Growth
Total Units
0
Franchised
0
Company-Owned
0
Lightspeed Restoration - General 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)
Total Assets
$368K
Audited by BDO USA, LLP for year ending December 31, 2022.
Lightspeed Restoration - General Franchise — FAQ
The total investment to open a Lightspeed Restoration - General franchise ranges from $154,980 to $253,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $5,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Lightspeed Restoration - General charges a royalty fee of 8.0% - 5.0% of bank deposits (2.0% for subcontracted non-core services) or $500-$1,000 per month of gross sales, plus a Greater of 2% of bank deposits (up to $2,000,000 annually) or $500/month contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Lightspeed Restoration - General 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 - General to ensure you have the most up-to-date version.
Lightspeed Restoration - General 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 - General has been franchising since 2023. The FDD shows an investment range of $154,980-$253,500, a 8.0% - 5.0% of bank deposits (2.0% for subcontracted non-core services) or $500-$1,000 per month royalty, and includes an 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 $5,000 and the total investment ranges from $154,980 to $253,500 depending on location size and market. A minimum of $25,000 in liquid capital is required. 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 - General 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 - General or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com