Why You Should Start A Water Damage Restoration Business
Natural disasters and commonplace water leaks are creating demand for water damage restoration businesses
It should come as no surprise that the restoration industry is booming at $210 billion annually, which is only expected get bigger in the coming years. There are several factors contributing to this growth, including storms, an increased awareness about the health effects of mold in homes, aging homes and infrastructure, as well as flooding and wildfires. Thousands of water damage emergencies are reported annually. These unfortunate circumstances are costing homeowners billions of dollars each year.
The leading driver of this demand are the increasing intensity of natural disasters, such as hurricanes, earthquakes, and tsunamis. Since 1980, the U.S. has experienced more than 300 natural disasters. This resulted in damage costs that reached or exceeded $1 billion each, according to NOAA Climate. In fact, in 2021 alone, natural disasters resulted in about $145 billion in losses.
Another key driver is the commonplace water leaks that occur on a frequent basis. If you’re a homeowner, you know that coming home to a flood in your basement is inevitable. When these events happen, homeowners need a trusted brand that can solve the issue quickly.
What Makes 1-800 WATER DAMAGE the Water Damage Restoration Franchise to Invest In?
When a natural disaster happens, home and business owners need a brand they can trust to help them put their lives back together again. This is where 1-800 WATER DAMAGE excels.
Our thriving water damage restoration franchise helps return home and business owners’ property back to its original condition. We look to restore what matters most: health and safety.
No matter when a disaster strikes, our teams are available 24/7. Our services include emergency mitigation, water damage restoration, carpet cleaning, fire and smoke damage restoration, sewage cleanup, mold remediation and more. Our willingness to go above and beyond for our customers is what really sets us apart from our competitors.
As one of the fastest-growing property restoration franchises in the nation, 1-800 WATER DAMAGE prides itself on providing the ultimate customer experience as well as high-quality services. Ultimately, this allows our customers to focus on what matters most: their families, their homes and their lives.
“The need for our services becomes immediately apparent once you open for business,” says Tim Fagan, Brand President of 1-800 WATER DAMAGE. “If you’re looking for a business that lets you work hands-on, become a leader, build relationships and truly help people during some of the worst times in their lives, this is the business for you. It’s recession-resistant — I’ve made it through several recessions in this business because it’s not a want for a homeowner, it’s a need. It’s a good business for when times are good, and it’s a good business for when times are bad.”
How Does 1-800 WATER DAMAGE Compare to the Competition?
1-800 WATER DAMAGE is not only a growing leader in the booming $210 billion property restoration industry, but also stands outshines the competition by being a part of the BELFOR Franchise Group, the largest property restoration company in the world.
With more than 40 successful years in business, BELFOR Franchise Group is committed to helping entrepreneurs thrive in business. They provide the necessary tools and resources that will ensure you can continue growing over the long-term.
“The most important thing about 1-800 WATER DAMAGE is we help people who’ve always had a dream of opening their own business,” says Ken Osness, Vice President of Franchise Development with BELFOR Franchise Group. “In turn, our 1-800 WATER DAMAGE owners go into homes that are severely damaged and help people through a very traumatic time. It’s incredibly meaningful work, as the services we provide allow a family to feel safe in their own homes again.”
Here’s how the BELFOR Franchise Group Advantage benefits our franchisees:
- Turnkey Business – The path to business ownership is charted out for you with BELFOR Franchise Group. From the very beginning we set you up for success with our turnkey business. This will provide you with the necessary tools and strategy to hit the ground running.
- Ongoing Support – BELFOR Franchise Group’s mission is to help you succeed in business. This is why our experienced leadership and support teams are available to help whenever you need them.
- Marketing – You will receive marketing guidance and support from our corporate team including marketing, advertising, and public relations to help you become an industry-leading professional in your area.
- Equipment – Our franchisees are provided cutting-edge technology to perform quality services, which help them cultivate strong relationships with customers.
- Exclusive Territory – After signing up with one of our franchises, you’ll have access to large, protected territories with the ability to expand.
Do I Need Experience to Own a Water Damage Restoration Business?
If you don’t have any industry experience, you can still own a water damage restoration business. In fact, the majority of franchisees here at 1-800 WATER DAMAGE had little to no experience in the restoration industry before joining our franchise family.
Our fast-growing restoration franchise takes training seriously. We have developed a comprehensive initial and ongoing training platform to help our franchisees thrive in business.
Our state-of-the-art training facility in Ann Arbor, Mich., will help you master the business. You will become the expert your community will rely on when disaster strikes. Our facility has an on-site flood house. This will give you hands-on training, technology-enhanced classrooms, a 24/7 call center, and industry-leading experts. You will have all of these resources every step of the way.
“This is a relationship business,” Fagan says. “You have to have a servant’s heart to succeed. You’re going to see people in really dire situations and they’re going to be relying on you to help them get out of it. We can provide all the training in the world, but you have to want to be in this business to make a difference, to treat people with respect and dignity, or else this will not be the right fit for you. I have customers who still send me thank-you cards 20 years later – that’s how meaningful this business is. We want to franchise with people who truly connect with our mission and want to go above and beyond. That’s why we’re successful.”
1-800 WATER DAMAGE is Committed to Making Your Water Damage Restoration Franchise Successful
If you’re ready to begin the journey to a successful water damage restoration business, consider investing in 1-800 WATER DAMAGE. We are seeking smart entrepreneurs who want to take control of their destiny and gain financial independence as we expand across the nation.
The industry is booming at $210 billion and will continue to keep growing. While competing brands have either sold out of territories or cannot keep up with demand, 1-800 WATER DAMAGE continues to grow. This means that we have plenty of room to bring new franchisees into our family. Our brand has territories in prime markets across the country. Our franchisees can choose from many large, protected territories, some of which serve up to 350,000 people.
In addition, our successful disaster cleanup business is one of the most affordable businesses to own in the property restoration industry. The total investment for a standard franchise ranges from $70,822 to $211,537. These costs include everything from equipment, vehicles and access to our state-of-the-art training platform. You also have the option to convert your existing business with an investment ranging from $57,613 to $175,637.
“There’s never been a better time to invest in a 1-800 WATER DAMAGE franchise,” Fagan says. “This is a recession-resistant business, and at a time when the media is constantly reporting on when the next economic downturn will be, that’s truly meaningful. Then there’s the growing need for our services. There’s hardly an area that isn’t experiencing problems with worsening storms, wildfires, droughts, flood and aging infrastructure. We believe our commitment to going above and beyond for the homeowner is unlike anything else in the industry. In turn, we go above and beyond for our franchisees with the best training and support in the nation. We’re going to be growing for years to come.”