The breakdown of the initial investment to open a PuroClean restoration franchise is as follows:
- Total cost all in: $200,000 – $220,000*
- Franchise fee: $55,000
- Equipment package: $60,000*
- Vehicle options: $55,000 (cost varies, purchase or lease options)*
- Working Capital: $30,000 -50,000*
Full Answer
How much does a restoration franchise cost?
If you acquire a Micro Market Franchise, you will pay Restoration 1 an initial franchise fee of $35,000 for a Territory that includes a population ranging from 75,000 people to 125,999 people.
Are restoration companies profitable?
There is tremendous profit potential in the restoration industry. Restoration companies built to handle high volumes of work can enjoy profit margins in the range of 40-75% or more. But, this business is also capital intensive –requiring a healthy investment in equipment and labor.
Who is the largest restoration company?
Belfor Restoration Belfor is the largest restoration company in the world with more than 7000+ employees. There are more than 100 Belfor locations in the country, and they also operate an extensive fleet of cleanup and repair vehicles.
Is 1800 water damage a good franchise?
A proven business model with multiple revenue streams and large, protected territories, make owning a 1-800 WATER DAMAGE franchise a best-bet. Since we started franchising in 2002, 1-800 WATER DAMAGE has been one of the nation's preeminent brands in the $210 billion restoration industry – and for good reason.
How do I start a successful restoration business?
7 Must-Do Tips for Starting a Water Restoration BusinessDevelop a solid business plan. ... Choose a name for your restoration business. ... Scope out your competition and target market. ... Research info on small business taxes. ... Seek advice for legal obligations. ... Invest in equipment you need. ... Connect with a business mentor.
How do you value a restoration company?
Determining a reasonable value for your restoration business is not hard to do. Simply take the 3-year average of your net profit and add back seller's discretionary expenses such as salary, benefits, auto allowance, etc., and you are just about there.
Is restoration 1 a franchise?
Restoration 1 franchise is one of the fastest growing restoration franchises in the nation. With hundreds of locations open or in development, Restoration 1 is poised to become the leading brand in the $210 billion restoration services industry.
How big is the restoration industry?
$210 billionThe American restoration industry has grown to an astonishing $210 billion annual market and due to several factors, including aging American homes and infrastructure, the worsening severity of storms, the influx of wildfires and frequent flooding.
What is another company like Servpro?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
Is 911 restoration a franchise?
Franchise Description: 911 Restoration Franchise Inc. is the franchisor. The franchised business provides emergency clean-up from fire damage, water damage, mold damage and mold inspections, carpet cleaning, duct cleaning and crawl space cleaning.
What is the difference between mitigation and restoration?
Whereas mitigation stops further damages and reduces the overall loss after a disaster, restoration aims to repair or replace damaged items to their pre-disaster condition.
What does belfor stand for?
The name is a topographic or local surname, which was given to a family who held a barony or lands, had houses, manors or estates in the area. The name may also be derived from the Gaelic word baile which means a place and the Pictish word pawr which means pasture.
What is WRT certification?
The Water Damage Restoration Technician (WRT) certification demonstrates knowledge to perform remediation work and an understanding of water damage, its effects, and techniques for drying structures.
What is the fastest growing restoration franchise?
Fast-growing restoration franchise has prime territory available across the United States. Restoration 1 franchise is one of the fastest-growing restoration franchises in the nation. With hundreds of locations open or in development, Restoration 1 is poised to become the leading brand in the $210 billion restoration services industry.
When was Restoration 1 founded?
Founded in 2008, Restoration 1 is led by a passionate executive team with decades of experience in growing franchise systems and helping entrepreneurs live their dreams of owning a successful business. The industry is taking note. In 2018, Entrepreneur magazine ranked Restoration 1 on their prestigious annual Franchise 500 list ...
Is Restoration 1 prime territory?
Large, prime territories available: Unlike other brands in the restoration industry, who are either sold out of territory or are close to being sold out, Restoration 1 has prime territory available.
When will restoration services be updated?
This annual list of the best restoration services franchises was revised and updated on February 17, 2021. Severe weather events are on the rise. Hurricanes, superstorms, floods, wildfires, and tornadoes all affect American homeowners and business premises, as do more mundane disasters and deterioration over time.
How much is the restoration industry worth in 2021?
The industry is now worth $4 billion in the US and is expected to grow by 3.2% in 2021. The COVID pandemic initially caused alarm in the restoration industry, as jobs were cancelled by clients. But restoration work was still needed, ensuring the industry’s survival.
What is restoration service?
Restoration services companies deal with a wide range of problems, including water damage, fire damage, smoke damage, mold remediation, regular carpet and upholstery cleaning, HVAC and air duct cleaning. While these companies are sometimes called on to sweep in after a dramatic disaster, they also have the day-to-day work of restoring rundown homes and other premises to keep them in business.
Why is 911 Restoration called the Fresh Start Company?
911 Restoration calls itself “the fresh start company” because that’s what people need when disaster strikes their home or business. Being sensitive to the human emotional aspect of disasters has been an important focal point of this company from the beginning.
Who owns ServiceMaster Clean?
ServiceMaster Clean/ServiceMaster Restore is part of the ServiceMaster family of brands, including Terminix, Merry Maids, AmeriSpec Inspection Services, Furniture Medic, and American Home Shield. Founded in 1929 by minor league baseball player Marion E. Wade in Chicago, incorporated in 1947, and franchising since 1952, the number of locations has held relatively steady in recent years and currently stands at 4,937 (up from the previously reported total of 4,929), of which nine are company-owned and 1,815 are located outside the US.
Is Rainbow International a certified company?
The chain is IICRC-certified in water damage restoration. Rainbow International is a Neighborly company, a collection of 21 different home service brands that collectively provide every service a homeowner could ever need.
Do franchisees have to attend training?
All franchisees are required to attend special trainings through the IICRC.
What is the purpose of owning a disaster recovery franchise?
By owning your own disaster-recovery and clean-up franchise you can be in the business of helping people recover from terrible events while making a good living for yourself and family. Whether it is fire and smoke damage restoration or flood recovery, ...
What is restoration 1?
Restoration 1. Restoration1 is a unique opportunity providing a wide array of emergency mitigation, restoration, and reconstruction services. These services are always in high demand and are a necessity, so they are never affected by the economy.
What is an air service franchise?
Aire Serv franchise provides installation, maintenance & repair of heating, ventilation, air conditioning, & indoor air quality systems. Over the past 27 years, they’ve refined their systems & processes to empower master tradesmen to continue in business ownership without exhausting their time, resources & energy wearing every hat in the business.
What is Titan Remediation?
Titan Remediation is an industry leading company that handles general floods, water damage, hurricane damage, storm damage, and any type of water infiltration or damage with efficiency and superior customer satisfaction! Franchisees are gaining our proven methodologies that have earned us top-rated reviews with our clients.
What is United Water Restoration Group?
Interested in learning more about owning your own business in the $10.6 billion restoration industry? United Water Restoration Group is a full service restoration company that specializes in water, flood, storm and sewage damage remediation, mold removal, and full restoration of property. Read more about joining our team now!
Is Servpro a franchisor?
Servpro Cleanup & Restoration has grown into a top franchisor in the cleaning and restoration industry. Servpro offers a complete start-up package, professional training, a large support network and the technology to run a successful business. Inquire now - we would love to talk with you more about this opportunity!
Is 911 Restoration the right fit for me?
If you are looking for a smart investment in a thriving industry that allows you to make money while helping people, 911 Restoration may be the right fit for you. When you join 911 Restoration, you will share the benefits of being part of a nationwide franchise family that take pride in the communities we serve.
What Does a Restoration 1 Franchise Cost?
Franchisees can expect to make a total investment of $79,100 - $183,350. They also offer a discount for veterans (10%). *
What is restoration 1?
Restoration 1 is a complete residential and commercial residential services due to water, fire, smoke or mold damage. It's an easy to own, easy to scale low start-up costs recession resistant business.
Can veterans franchise with Restoration 1?
Veterans are uniquely qualified to franchise with Restoration 1, as they have a proven ability to follow systems, procedures and processes necessary to make any venture successful.
