Full Answer
How much does a restoration franchise cost?
The franchise fee for your first territory is $54,900 and unlike our competition, we have prime territories available. The total investment estimate to begin operations on a new restoration franchise ranges from $84,500 to $193,125.
What is a restoration franchise?
Restoration franchises perform the more intensive restoration, remodeling or fire damage work, while franchises in this industry perform services such as mold removal, duct cleaning, and moderate water damage services.
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 restoration 1 a franchise?
WE HAVE A PROVEN FRANCHISE MODEL BACKED BY DECADES OF EXPERIENCE. Life's too short to build someone else's business. Start building YOUR future with help from the fastest-growing restoration franchise in the $210 billion recession-resistant restoration industry.
How many restore franchises are there?
Restore now has more than 150 U.S. locations and more than 600 locations under development in the country. It sold 84 franchise territories in the first half of 2022.
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.
Is restoration a good business?
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.
How do you market a restoration company?
How to Market a Restoration Service#1: Develop a solid website. ... #2: Have a unique value proposition. ... #3: Manage your reputation. ... #4: Master search marketing. ... Pro tip: Plan for weather events. ... #5: Create partnerships and referral programs. ... #6: Create a video. ... #7: Create a Facebook Business Page.More items...•
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.
Who is the owner of restoration 1?
Restoration 1 franchise owner David Hofstetter has learned how to read his customers, and how to immediately see their concerns and offer solutions. His success in that regard recently got him and his home restoration franchise written up in the local paper, and it's why he is building a successful business.
How many locations does restoration 1 have?
Restoration 1 specializes in providing restoration services for water, mold, and fire damage. The brand has been in the restoration business since 2016 and has more than 250 different locations.
Who is the CEO of Restoration 1?
CEO Gary FindleyGiving up the comfort and familiarity of his corporate office, Restoration 1 CEO Gary Findley went on a mission to get a ground-level view of how restoration franchises operate on Season 11 of CBS' hit reality series Undercover Boss.
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.
Who is the owner of restoration 1?
Restoration 1 franchise owner David Hofstetter has learned how to read his customers, and how to immediately see their concerns and offer solutions. His success in that regard recently got him and his home restoration franchise written up in the local paper, and it's why he is building a successful business.
What is another company like Servpro?
Servpro Industries competitors include Chem-Dry, Stanley Steemer, ServiceMaster and Angi.
How many Paul Davis franchises are there?
Paul Davis Restoration has available franchise ownership opportunities in locations from coast to coast. We hope you're ready to join our family of over 300 Paul Davis locations throughout North America.
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.
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.
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.
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.
Do franchisees have to attend training?
All franchisees are required to attend special trainings through the IICRC.
Is a restoration business right for me?
The property restoration industry is different than any other industry. It is related to the construction industry, however, many restoration companies only offer mitigation services and let other contractors complete the rebuild portion of the project.
Starting your own Restoration Business
For the remainder of this article, we’re going to discuss starting your own restoration business. Franchises should have all of these items covered for you!
What is restoration business?
A Restoration business offering residential and commercial restoration services, including cleaning, deodorizing and reconstruction of buildings and contents due to fire, smoke, water, mold, normal wear, or other causes of damage, and other related services. More info
How many territories does the National Franchise have?
Existing National Franchise brand with 5 territories available.The business has been in operation since 2014The business works on leather, plastic & Vinyl Restoration for vehicles, boats, furniture etc.Mobile-based operation no brick & mortar work is done on site which eliminates... Read more
What is a contractor/remodeling and water remediation company?
A Contractor/Remodeling and Water Remediation company in one! This business offers primarily repair and remodeling services to homeowners, with a restoration division that specializes in water, fire, and mold mitigation. They offer a wide range of services including drywall, painting &... Read more
Is SGM Brokers a franchise?
Are you a business owner looking for a way to help defray the cost of owning your second home in the Florida Panhandle? Or would you like to spend more time in paradise? SGM Brokers has a nationally backed franchise opportunity in the water damage and disaster restoration company for sale... Read more
Is there a home services franchise in Ann Arbor?
Very profitable home services franchise for sale serving the Ann Arbor/Ypsilanti area since 2014. NO EXPERIENCE NECESSARY! Procedures already in place from estimating to refurbishing and training will be provided to the new owner with on-going franchise support. Little to no competition... Read more
Is Mold Damage Restoration a franchise?
This company is part of an SBA-approved national franchise that delivers high-quality water, fire, and mold damage restoration services.Sales, Marketing, Operations, Recruiting, Finance, and Training. These are the tools that help business owners capture a larger market share and achieve... Read more
What Does A Restoration Franchise do?
Restoration Franchises as Investments
- About 35 percent of all restoration businesses are franchises of larger companies. To buy a business from one of the five largest restoration franchisors, expect to make an initial investment of between $60,000 and $200,000, depending on the franchisor and the region of the country. The industry saysthe profit margin for water damage mitigation is ...
Pitfalls of Owning A Restoration Business
- Restoration is vital to work, repairing homes and businesses after crises small, like a leak, and large, like a natural disaster. But this work isn’t for everyone. Do you know if a restoration franchise is right for you? Think through these three pitfalls: • You’re interested in the home improvement field. But are you interested in cleanup and repair, or in design, decor, and remodeli…
Finding Franchise Alternatives
- If restoration isn’t for you, what other types of home improvement franchises are possible alternatives? Home improvement is a broad category, so you’ll find plenty of options for your entrepreneurial energy. Some areas of home improvement franchising include: • Kitchen remodeling • Cabinet and wood restoration • Bath remodeling • Window treatments and blinds • …