WACO, Texas (September 22, 2014) – Rainbow Restoration®, a subsidiary of The Dwyer Group®, one of the world’s largest international service franchising organizations, announced Friday the re-acquirement of the Germany master franchise license from the previous master licensee. Terms of the deal were not disclosed.
“Reacquiring this master license confirms our commitment to direct franchising in select international markets. We are particularly excited about the opportunity to continue to build the Rainbow Restoration brand in Germany, where there is room to build a very large network,” stated Mike Bidwell, president and CEO of The Dwyer Group.
The Dwyer Group first sold the Rainbow Restoration master license in Germany in 1992, with the goal of expanding the brand in Europe. Rainbow Restoration currently is building its brand in Germany, Ireland and the UK.
Rainbow Restoration President, Mark Welstead, is excited about the future of German expansion. “The headway made in Germany by our previous master licensee will allow our brand to continue to grow and strive in the German economy,” stated Welstead. “We look forward to continuing this forward momentum and expanding our service reach throughout the country.”
The legal re-acquirement of the master license commenced Friday.
About The Dwyer Group, Inc.®:
The Dwyer Group, Inc., based in Waco, Texas, is a holding company of seven franchise businesses, each selling and supporting a different franchise under the following service marks: Aire Serv®, Glass Doctor®, The Grounds Guys®, Mr. Appliance®, Mr. Electric®, Mr. Rooter® (Drain Doctor in the UK and Portugal), and Rainbow Restoration®. Collectively, these independent franchise concepts offer customers world-wide a broad base of residential and commercial services. In addition, Dwyer operates glass shops in New England under the Portland Glass brand name. For more information on The Dwyer Group, or its franchise concepts, visit the company’s website at www.neighborlybrands.com.
About Rainbow Restoration®:
Established in 1981, Rainbow Restoration is a global franchise organization providing residential and commercial restoration and cleaning services. Recognized by Entrepreneur magazine among its “Franchise 500,” Rainbow Restoration franchisees offer a broad range of damage restoration services (ranging from water, smoke and fire damage to carpet and upholstery cleaning and deodorization) to more than 400 locations worldwide. The new Rapid Structural Drying Network of Rainbow Restoration has established a network of elite water loss mitigation franchises across the United States. Rainbow Restoration is a subsidiary of The Dwyer Group, Inc., family of service franchises. For further information or to find the location nearest you, visit RainbowRestores.com.
- ### -