Prism Specialties FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor franchises the right to operate a franchised business under the name Prism Specialties, under which you may offer two or more of the following Service Lines:
(A) “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 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 Services” refers to the offering for sale services and related products for the recovery, repair and restoration of fabric, clothing and textiles using state-of-the-art fire and disaster recovery technologies; and/or
(D) “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.
Corporate Information
Restoration Specialties Franchise Group, LLC is a Michigan limited liability company formed in March 2012, which since January 2015 has been owned by the LEO GUSFA IRREVOCABLE TRUST F/B/O LIVIANA CAPATINA dated March 28, 2014, LEO GUSFA IRREVOCABLE TRUST F/B/O CHRISTIAN CAPATINA dated March 28, 2014 and LEO GUSFA IRREVOCABLE TRUST F/B/O ALEXANDREA CAPATINA dated March 28, 2014. They do business under their corporate name and the names “RSFG”, “Prism Specialties”, ”Prism Art”, “Prism Electronics”, “Prism Documents”, and “Prism Textiles”. They formerly did business under the names “ART”, “Art Recovery Technologies”, “ERS”, “Electronic Restoration Services”, “TEX”, “Textile Extraction Xperts”, “DFD”, or “Document Restoration Services”. Their principal business address is 12001 Levan Road, Livonia, Michigan 48150. They began granting franchises for the right to open and operate Franchised Businesses offering: Art Services in July of 2016; Electronic Services in April 2012; Textile Services under a test program in 2019 with the formal franchise offering launched in March 2021; and in September of 2021, they rebranded to operate Electronic, Art, Textile and Document services all under the Prism Specialties tradename.
Investment
The total investment necessary to begin operation of a Franchised Business is: from $245,335 to $322,377 for all Service Lines; from $191,094 to $282,156 for two Primary Service Lines; and $149,954 to $227,671 for one Primary Service Line. Documents is only offered with the purchase of a primary Service Line, and any associated costs for Documents are included in the ranges disclosed for one, two, or three Primary Service Lines. This includes $130,900 that must be paid to Franchisor or an affiliate if you are signing a Franchise Agreement for all Service Lines; $105,330 – $109,610 for two Primary Service Lines; and $79,725 – $83,530 if offering one Primary Service Line. If you are signing a Franchise Agreement for fewer than all three Service Lines, the initial fees you must pay to the Franchisor, or an affiliate vary depending on the Service Line added.
