Natural Disasters Bring Demand for Water Damage Restoration
This Fast-Growing Property Restoration Franchise is an Essential Business
With natural disasters continuing to increase in both frequency and intensity, reliable and trustworthy restoration franchises are becoming more essential than ever. 1-800 WATER DAMAGE is a rising star in the $4 billion restoration industry, and has become the go-to company to call when your properties fall victim to a natural disaster, such as a storm, hurricane or other weather event that leaves water damage in its wake.
Additionally, America’s infrastructure is aging at an alarming rate, making homes and businesses more susceptible to water damage-related emergencies. According to a report in Water Damage Defense, more than 14,000 people in the U.S. experience a water damage emergency at home or work every single day. Additionally, a staggering 98% of basements in the U.S. will suffer some type of water damage during their lifetime.
“Then there’s the growing need for our services,” says Tim Fagan, President of 1-800 WATER DAMAGE. “There’s hardly an area that isn’t experiencing problems with worsening storms, wildfires, droughts, floods, and aging infrastructure. We exist to help homeowners in crisis, and we stand out because 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.”
Water Damage to Homes Continues to Increase
The extent of water damage to homes across the U.S. is truly staggering. Nationwide, household water damage costs were up to $20 billion in 2021 alone. Furthermore, over 14.6 million U.S. homes are at risk of flooding – that’s more than 10% of all homes in the country.
“The National Oceanic and Atmospheric Administration (NOAA) recently announced that we have seen nine disasters resulting in at least a billion dollars in damage as of July 2022, marking a significant increase and following a pattern that has been accelerating in recent years,” Forbes magazine reported. “The past two years saw record numbers of billion-dollar disasters. From 1980 to 2021, the average annual number of weather disasters causing damage in excess of $1 billion was 7.7. A look at just the past five years reveals a startling increase to 17.8 such events.”
1-800 WATER DAMAGE’s Business Model Allows for High Profit Potential and Growth
With more than 100 locations operating across the U.S., there’s a reason why 1-800 WATER DAMAGE is one of the fastest growing brands in the restoration industry. For starters, our turnkey business model has a history of growth, providing franchise owners with the tools and strategies needed to run a sustainable property restoration business. Our corporate team not only helps franchise owners establish a business, but also provides ongoing business support to help franchisees grow their business.
“The most inspiring thing about 1-800 WATER DAMAGE is we help people who’ve always had a dream of opening their own business make it happen,” says Ken Osness, VP of Franchise Development at 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.”
Own a 1-800 WATER DAMAGE Franchise Today!
There’s never been a better time to invest in a 1-800 WATER DAMAGE franchise, as our services become more critical than ever. Our franchise owners are not only essential to their local markets, but also get the opportunity to give back to their community. To learn more, visit our research pages or request more information here.
