As the mold mitigation and indoor air quality concept continues to offer services like radon remediation and expand with franchise opportunities across the United States, now is the perfect time to get involved in the business.
Mold Medics, the emerging indoor environmental health concept, was created to provide a consumer-first home care service that’s not offered anywhere else. The brand is also a lucrative business opportunity for entrepreneurs looking to get involved with a growing industry.
The indoor air quality market size is expected to grow by more than $14 billion between 2021 to 2026, according to a recent report. And as more people are looking to create a safe and healthy home for their families, the demand for both mold and radon remediation services has also climbed in recent years. Mold Medics Chief Executive Officer Tim Swackhammer says that this puts the brand in a unique position to meet customer demand.
“There’s not really a strong market presence from a big, national brand offering radon mitigation,” said Tim Swackhammer, CEO of Mold Medics. “We get to help people who don’t feel comfortable, don’t feel safe or don’t feel like their homes are really healthy.”
Who Is Mold Medics?
Based in Pittsburgh, Pennsylvania, Mold Medics has made a name for itself as a leader in the indoor air quality industry. The growing franchise offers high quality mold remediation services, air duct cleaning and home and office disinfecting. Additionally, Mold Medics provides radon testing and mitigation services and has done a lot of work to bring awareness to the dangers of radon through educational content.
“Creating this educational content also helps to establish us even more as experts in the industry,” Swackhammer said. “That means that whenever people find us, it’s even more likely that they’re finding us organically via this content. And when they come to us, there’s more inherent trust there because they know, based on the information we’ve put out, that we’re someone they can rely on.”
For franchise owners looking for a flexible business, Mold Medics offers a number of lifestyle benefits that are often overlooked by other players in the industry. For example, franchise owners are able to set their own schedules, and because the brand is not a 24/7, on-call service, it accommodates work-life balance. At the same time, franchise owners benefit from year-round business opportunities.
Mold Medics is also more affordable than other franchise opportunities in the industry, Swackhammer says. The initial investment to open a Mold Medics ranges between $83,049 and $158,999. And for qualified buyers, the brand offers franchise financing options.
As the brand continues to grow its presence around the country, prospective franchise owners will have the opportunity to establish themselves in their local market and scale their business through the brand’s proven business model.
Mold Medics Franchise Growth
Mold Medics is currently seeking new franchise owners, and the team is looking to cast a net out to a “wide variety of different people,” Swackhammer says. There’s no blueprint for an ideal Mold Medics franchise owner, and the goal is to appeal to individuals who are looking to get into business for themselves. Whether it’s someone who has experience in the trade space and wants the chance to be their own boss or someone who’s interested in changing careers to something that allows them to grow and expand, there’s opportunities for everyone.
The Mold Medics network is currently offering franchise opportunities in places like Ohio, Michigan, Pennsylvania, Tennessee, New Jersey and more. The brand is also offering opportunities for both single and multi-unit franchise operators.
“We have a lot of complete markets that are available for somebody to come in and begin growing and expanding at their own pace,” said Swackhammer. “We’re looking to grow concentrically so we can have a good support system in place for onboarding franchises. That overlap is definitely something that makes our target markets appealing from a franchising perspective.”
Why Threshold Brands Acquired Mold Medics
In 2023, Threshold Brands, a leading multi-brand home services franchisor with over 500 units, announced its acquisition of Mold Medics. According to Ron Bender, the Chief Growth Officer at Threshold Brands, the acquisition of Mold Medics was a natural progression, as their shared values and goals perfectly align with Threshold Brands’ overarching mission.
“The Mold Medics business fits very well with our portfolio of home services companies,” said Bender. “We already have had interest from some of our existing franchise owners to expand into Mold Medics, and it just seemed to be a logical expansion.”
Bender added that the acquisition will empower Threshold Brands to be able to provide an even wider range of essential home-based services. In conjunction with the services offered by its other franchises, the addition of Mold Medics further solidifies Threshold Brands as a comprehensive leader in the home services space.
“One of the big benefits of partnering with Mold Medics is that it advances our goal of expanding our presence in the home services industry,” said Bender. “It also fits in with our mission of helping people – not only the consumers whose homes we make safer by eliminating mold but also making sure that they don’t have radon levels that are too high. Additionally, we’re also helping more people pursue their dreams of business ownership.”
Swackhammer said that although his team wasn’t initially looking for acquisition opportunities when approached by Threshold Brands, it made perfect sense after discussing the potential partnership.
“I’m genuinely excited about the future of Mold Medics and the opportunities this partnership brings,” he said. “Joining forces with Threshold Brands allows us to tap into their established systems, practices and franchise partners. We can leverage their knowledge and experiences to further enhance our business operations, strengthen our franchise development and provide even better services to our customers nationwide.”
The Future of Mold Medics
Looking ahead, the future is bright for Mold Medics. Bender says that he envisions an ambitious growth trajectory for the brand and that Threshold Brands is looking to establish at least six new franchise locations in the next year and to expand into another 10 locations the following year.
“We know that there are many areas in America where radon is a big problem, and mold can be a huge health issue everywhere,” said Swackhammer, “Our objective is to grow consistently throughout the country.”