DRYmedic FDD – Franchise Information, Costs and Fees
Type of Business
The franchise described in this disclosure document is for the operation of a DRYMEDIC business which offers residential and commercial restoration services, including cleaning, deodorizing and reconstruction of buildings and contents due to fire, smoke, water, mold, normal wear, or other causes of damage, and other related services.
Corporate Information
STOP Franchising SPE LLC is a Delaware limited liability company organized on March 24, 2021. Until November 15, 2022, they did business under the name Service Team of Professionals (“STOP”). They re-branded to the “DRYMEDIC” name on that date. Their principal place of business is 7120 Samuel Morse Drive, Suite 300, Columbia, MD 21046. They began offering STOP franchises on May 17, 2021. STOP Franchising, Inc. (“STOP-INC”), an Indiana corporation, offered STOP franchises from April 2017 to May 14, 2021.
Investment
The total investment necessary to begin operation of a DRYMEDIC franchise is $53,070 to $232,220 if you convert a pre-existing restoration services business to a DRYMEDIC franchise under the franchisor’s conversion program. This includes $15,570 to $80,970 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a DRYMEDIC franchise is $187,970 to $311,770 if you start the business from scratch. This includes $125,970 that must be paid to the franchisor or its affiliates.
