Question 1

Does Lightspeed Restoration franchise offer exclusive territory?

Accepted Answer

Lightspeed Restoration offers Protected territory protection to its franchisees. This means you have limited protection from nearby competition, though some restrictions may apply.

Question 2

What is the Lightspeed Restoration franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Lightspeed Restoration is 10 years. Franchisees may renew up to 2 times for 5-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Lightspeed Restoration franchise?

Accepted Answer

The Lightspeed Restoration franchise non-compete clause extends for 2 years within a 25-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Lightspeed Restoration franchise?

Accepted Answer

Yes, Lightspeed Restoration allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $24,950 applies.