Risk Score
Pending analysis
Investment Range
$118,900 - $242,200
Franchise Fee
$59,000
Total US Locations
24
Business Summary
Crawlspace Medic operates a business that offers crawlspace care, home moisture remediation, and structural and foundation repairs to residential clients. The business uses distinctive operating procedures, proprietary designs, and techniques under the Crawlspace Medic brand, from a single location within a protected territory.
Corporate History
CSM Franchise Group, LLC, doing business as Crawlspace Medic, was formed in South Carolina in December 2016. The company began offering Crawlspace Medic franchises in 2018. The original concept, Crawlspace Medic LLC, was created in August 2014 and operates a similar business, also owning the trademarks used by the franchisor. In October 2021, Home Brands Group, LLC became the direct parent company.
Financial Overview
Investment Range
$118,900 - $242,200
Franchise Fee (Low)
$59,000
Franchise Fee (High)
$59,000
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$11,600
Equipment Costs (High)
$81,000
Working Capital
$50,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Crawlspace Medic appears to be in good financial health, as indicated by its positive and substantial income from operations in recent years, including $1,149,783 in 2023. The company also maintains healthy cash balances, sometimes exceeding federal insurance limits. The audited financial statements do not include any going concern qualifications, suggesting that auditors have no substantial doubt about Crawlspace Medic's ability to continue operations. Additionally, management believes there are no current litigation liabilities that would materially impact the company's financial position.
Financing Details
Crawlspace Medic does not offer direct or indirect financing to its franchisees, nor does it guarantee any loans or leases on their behalf. However, Crawlspace Medic may introduce prospective franchisees to third-party financial sources and suppliers that offer credit arrangements, but the franchisor does not earn income from these referrals.
Performance Metrics
Total US Locations
24
Franchised Units
14
Corporate Units
7
Avg Square Footage
1,000
Franchising Since
2018
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Crawlspace Medic has no litigation history to report for the franchisor or its management as of the FDD issuance date.
Bankruptcy History
Crawlspace Medic has no bankruptcy history to report for the franchisor or its management.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew, Crawlspace Medic franchisees must be in full compliance with their current agreement, have no more than three defaults during the current term, and provide written notice at least six months before the term ends. They will need to sign a new franchise agreement, which may have different terms, and pay a $1,500 successor agreement fee. Additionally, franchisees must continue to maintain their business vehicle with proper insurance and current branding, execute a general release, and meet current qualifications and training requirements, including any additional training.
Training & Support Program
Franchisor Assistance
Crawlspace Medic provides various forms of assistance to its franchisees. Before opening, the franchisor approves the protected territory, loans the Operations Manual, provides a list of required equipment and supplies, and offers initial training for up to three individuals at its Columbia, SC headquarters. It also reviews proposed leases and provides sample office layouts. After opening, Crawlspace Medic offers mandatory or optional additional training programs, including an annual business meeting. Franchisees can also receive remedial on-site training or individualized assistance by phone, video conference, or email. The franchisor provides samples of advertising materials, conducts inspections to ensure service standards, and maintains updated lists of approved suppliers. It also advises on selling prices and must approve all franchisee-developed advertising materials.
Initial Training Hours
59
Training Location
Columbia, SC
Ongoing Support
Crawlspace Medic provides ongoing support through mandatory or optional additional training programs and an annual business meeting or conference, which franchisees must attend for up to five and three days per year, respectively. Upon request, or as deemed appropriate, Crawlspace Medic also offers remedial on-site training and individualized assistance via telephone, video conference, or email. The franchisor provides samples of advertising materials, conducts business inspections, and offers advice on pricing products and services.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Protected
Staff Count
3
Territory Size Requirements
Crawlspace Medic territories are defined by specific geographic boundaries such as Zip Codes and must include a minimum population of 50,000 homes that have crawlspaces or partial basements.
Staffing Notes
Crawlspace Medic locations require a staff structure that may include a Manager, Market Director, Lead Man, Technician, and Office Assistant, with job descriptions provided in the Operations Manual. Franchisees are not required to personally supervise the business daily but must be actively involved in overseeing it. If a manager is appointed, they, along with any field technicians, must successfully complete the initial training program. All employees with access to confidential information must sign non-disclosure/non-compete agreements. The franchisor provides extensive guidance on human resources, including EEOC compliance, wage and labor laws, anti-harassment policies, recruiting, interviewing, background checks, new employee onboarding, ongoing training, performance evaluations, and disciplinary procedures. Franchisees are also responsible for implementing time-tracking procedures, uniform and dress codes, and ensuring compliance with all applicable employment laws.