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How To Find A Quality Pest Control Franchise

How To Find A Quality Pest Control Franchise

Today’s post reviews business valuation best practices to help entrepreneurs find quality (and low cost) pest control franchises in their area.

Most pest control franchise sales are not open market transactions, which means you cannot study past filings to find objective data points and fair market pricing. Without this information, it can be tough to determine whether the pest control franchise in question is fairly priced.

So what are we to do?

New York firm Franchise Valuations Limited recommends three basic valuation approaches: cost, income, and market (Schaeffer & Levitt, 2012). Intangible assets and intellectual properties (“IP”) must also be factored into the equation, especially for franchise companies where the “franchise operating system, goodwill, and know-how are generally the most valuable assets owned” (Schaeffer & Levitt, 2012, p. 11). Indeed, according to Schaeffer & Levitt (2012), intangible assets often account for more than 70% of the total enterprise value!

We know that the market is good wherever you look–that’s just the nature of the pest control industry, as you can see on our Industry Facts and Figures page.

But that leaves cost, income, intangible assets, and intellectual properties to consider. Let’s briefly review each of these valuation factors to give you an idea of how quality pest control franchises look.

How Much Do Quality Pest Control Franchises Cost?

The total initial investment for Pestmaster Services franchise owners ranges between $30,000 and $85,000. This includes the franchise fee, along with a $20,000 to $30,000 liquid cash requirement to retain in case of shortfalls or emergencies.

It does not cost much to start a quality pest control company. There’s minimal equipment needed, no inventory, and no brick-and-mortar office. You can run the business on your own, out of your home, using your existing vehicle. Most owners build and expand their businesses from there, but that’s entirely up to you. Our low-cost pest control franchise is even more affordable for veterans and existing owners wishing to convert their pest control companies into Pestmaster Services units.

How Much Do Quality Pest Control Franchises Make?

Quality pest control franchise income varies from territory to territory. Entrepreneur magazine writes that “overall, a pest control service can be a very profitable business venture and can easily generate profits in excess of $75,000 per year.” That is a reasonable figure, but it’s nowhere near the ceiling. Get in touch with our team to access the Franchise Disclosure Document and learn more about income specifics.

Quality Pest Control Franchise Assets And IP

Make sure your chosen company gives you access to worthwhile IP and other intangible assets–most pest companies use similar “hard assets” (i.e. equipment), so these intangibles are what truly separate one brand from another.

Here is a few examples from the Pestmaster Services model:

  • GSA contract support–we help you get high-value federal contracts
  • Streamlined start-up–most franchises open within 3 to 6 weeks.
  • Flexible, scalable business model–from one-person home-based business to multi-unit pest market mogul
  • Quality pest control franchise business equity model–retire with a self-built 401k and government contracts that can sell for 1-3 times annual revenue

Learn More About The Pestmaster Services Franchise

Call 800-525-8866 or visit the Pestmaster Services franchise website to book a free consultation with one of our representatives.

References

Schaeffer, B., and Levitt, E. (2012). Valuations in franchising. Franchise Valuations Limited. Retrieved from https://www.dickinson-wright.com/-/media/documents/documents-linked-to-attorney-bios/levitt-ned/21valuations-in-franchising.pdf?la=en&hash=73B3604303B7AD604FB1D3B72E6A574275837CF4

 

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Testimonials

Pestmaster is both an innovative and environmentally sensitive pest management services provider. With a unique, progressive, and extremely successful franchise business model, Pestmaster professionals provide state of the art, scientifically-based integrated pest management solutions for the most challenging pestiferous problems. Pestmaster, a 21st century organization that is leading the way in the fast growing pest management industry.

Dr. Stuart Mitchell | BCE

I’ve been in the industry for years and I can’t tell you just how valuable the Pestmaster franchise opportunity really is. I have much greater access to identifying and getting potent government contracts with the help and assistance from the corporate office. We would not be nearly as successful as we are today, had we not purchased a Pestmaster Franchise.

Wayne Holliday & Tommy Houk | Pestmaster® Services of Lake City & Gainesville, FL

In today’s pest control business environment, we all need some sort of competitive edge and Pestmaster has definitely given us the edge we needed to set us apart from the competition.

Bart Van Diepen | Pestmaster® Services of Northern San Diego, CA

Pestmaster® has been the best investment I’ve ever made in my life!

Barrett Alley | Pestmaster® Services of Kingston, NY

We had options, but if we hadn’t decided on a Pestmaster Services franchise, we could not have gone from just one to several employees in less than one year of purchasing the franchise. Without the franchise, we would not have known about the high-dollar pest control services opportunities such as West Point Academy and we would certainly not have become the successful contract bidder that we are today.

Paul Alley | Pestmaster® Services of Kingston, NY

I owned my own small pest control business for six years before I decided to buy a national brand franchise. The amount of business I was able to produce in those six years was doubled in just my first year with Pestmaster Services. Joining the Pestmaster brand was an excellent choice for me and for the future of my business.

Chris Nelson | Pestmaster® Services of Salt Lake City, UT

I knew I was ready to start a business and looked for a long time but could not find my value-added proposition What could I do better than anyone else to distinguish me from the others in any industry? I have always been a technical person, so I was not confident in my ability to start a brand and market it. I also didn’t want to start from zero without help and support in my new adventure. For these reasons I looked into franchising opportunities and quickly found Pestmaster Services. They provided the value-added proposition, branding, marketing and support that I was looking for. The business model works and the people in the PFN will help you succeed.

Jerome Snyder | Pestmaster® Services of Central New York

The Pestmaster Franchise Network has enabled me to secure government contracts and group pricing with several vendors. The training from our entomologist and combined experience is incredibly valuable. It is a great network of knowledge, experience, and Camaraderie.”

Justin Kendall | Pestmaster® Services of Virginia Beach, Virginia

I would like to take a minute and thank you all for the incredible hospitality you all showed me.  You all contributed to a successful experience for me and I hope I can make you all proud by building a successful business in the mountains of PA and the suburbs of NJ.  Thank you again, this trip was a huge success and it would have not been possible without each and every one of you.

Tony Cuiffo | Pestmaster® Services of New Jersey & Pennsylvania

When we met with the franchisor, Jeff Van Diepen, we saw how involved he was with the franchises while also running some of the operations himself. Jeff was very in tune with how to run a successful franchise and was more than willing to put the time in to show that to the franchisees. I just can’t say enough about how Jeff and his team go to work each and every day to be better than the day before and how they bring that to the franchisees every day.

 

Alain Bernik & Tom Nelson | Pestmaster® Services of San Antonio, Texas
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