CRS Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$201,300 - $422,700
Franchise Fee
$52,250
Total US Locations
37
Business Summary
CRS Packout operates a professional restoration company that specializes in restoring personal property and goods damaged by events like floods, fires, or other tragedies. The company uses advanced technology and focuses on working with insurance carriers to digitally document all contents. CRS Packout offers services such as packing, cleaning, and storing clients' belongings until their structures are repaired. It also provides structure cleaning, which involves washing walls, ceilings, floors, and in-place contents for homes with minor damage. CRS Packout aims to be a leading provider for residential and commercial personal property restoration.
Corporate History
CRS Franchising, LLC was organized in Pennsylvania on August 19, 2021, and began its operations in March 2022 under the trade name CRS, which stands for Content Recovery Specialists. The company started offering franchises in April 2022. Prior to 2020, a Pennsylvania company called Duckstein Contracting Inc. operated a restoration business. In 2020, its 'Contents' division evolved into Content Recovery Specialists, LLC, which serves as the model for CRS Packout's franchised businesses.
Financial Overview
Investment Range
$201,300 - $422,700
Franchise Fee (Low)
$52,250
Franchise Fee (High)
$380,000
Royalty %
7%
Marketing %
1%
Equipment Costs (Low)
$7,800
Equipment Costs (High)
$140,000
Working Capital
$107,500
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The franchisor, CRS Franchising, LLC, received an unqualified audit opinion for its financial statements for the years ending December 31, 2024 and 2023. However, a special risk is highlighted in the FDD, noting that CRS Franchising, LLC's financial condition, as reflected in its financial statements, calls into question its financial ability to provide services and support to franchisees. The auditor's report also includes a section on management's responsibility to evaluate conditions that raise substantial doubt about the company's ability to continue as a going concern, implying this was a consideration. CRS Franchising, LLC reported a net loss of $977,868 in 2024 and $143,636 in 2023, and had a member's deficit of $1,201,876 in 2024. These factors suggest potential financial challenges for the franchisor.
Financing Details
CRS Franchising, LLC does not offer any direct or indirect financing to its franchisees. This means that franchisees are responsible for securing their own funding, and CRS Franchising, LLC will not guarantee any notes, leases, or other financial obligations for them.
Performance Metrics
Total US Locations
37
Franchised Units
36
Corporate Units
1
Avg Square Footage
9,750
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
CRS Franchising, LLC has no litigation history to report. Item 3 of the FDD states that no litigation exists or is required to be disclosed for the franchisor or its management.
Bankruptcy History
CRS Franchising, LLC has no bankruptcy history to report. Item 4 of the FDD states that no bankruptcy is required to be disclosed for the franchisor or its management.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew, CRS Packout franchisees must not be in default, must have substantially complied with the agreement, and paid all fees on time. They need to provide written notice between six and twelve months before the current term expires. Franchisees will have to sign the franchisor's then-current franchise agreement, which may have different terms, including higher fees or a modified territory. They must also refurbish their business to meet current brand image and specifications, execute a general release of claims against the franchisor, complete any required training, and secure their right to operate at the current site for the renewal term.
Training & Support Program
Franchisor Assistance
Before opening, CRS Packout assists franchisees by reviewing and advising on potential business locations, providing an initial training program, lending a copy of its Operations Manual, supplying specifications for required equipment and signage, and helping to create a grand opening marketing plan. The franchisor may also provide additional pre-opening support as needed. After opening, CRS Packout maintains brand standards, operates social media accounts for the business, and manages a Brand Fund from which creative materials are available. The franchisor offers advice via phone or electronic communication for business development and problem-solving, with a fee for in-person support. CRS Packout also provides recommended procedures for administration, accounting, and inventory control, and maintains a brand website that includes franchisee business information.
Initial Training Hours
56
Training Location
Online, or corporate offices in Coraopolis, Pennsylvania, and/or franchisee's location
Ongoing Support
CRS Packout provides ongoing support by developing and maintaining brand standards. It establishes and manages social media accounts for franchisees' businesses and oversees the Brand Fund, making creative marketing materials available (though franchisees pay for reproduction). The franchisor offers advice via phone or email regarding business improvement and operational issues, with a potential fee for in-person support. CRS Packout also provides recommended administrative, bookkeeping, accounting, and inventory control procedures. It maintains a brand website that includes business information for each franchisee and updates marketing and promotion standards. Additionally, the franchisor may offer periodic mandatory or optional training programs, charging a daily fee if a new general manager attends.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Commercial
Owner Participation
Part-Time
Territory Type
Non-Exclusive
Territory Size Requirements
CRS Packout territories typically consist of a population of approximately 700,000 to 800,000 individuals, though this can vary based on factors like geographic size, with no territory smaller than 250,000 individuals. Territories are generally defined by postal zip codes, but in densely populated urban areas, they may be defined differently. The franchisor uses U.S. Census Data or other statistical sources to determine population figures. Franchisees can select their territory from available pre-defined options.
Staffing Notes
CRS Packout provides suggested staffing levels, hiring guidelines, and operational instructions in its manual, which franchisees can use for training new employees. Franchisees are solely responsible for all employment-related decisions. While the franchisor recommends the owner actively participate full-time, the minimum requirement is that the owner or a trained manager is on-site at least part-time (20 hours per week). All management and employees with access to confidential information must sign a Confidentiality Agreement.