3 Reasons to Invest in a Water Damage Restoration Business
Reasons to Invest in a 1-800 WATER DAMAGE Franchise
1-800 WATER DAMAGE has quickly established itself as one of the leaders in the $210 billion restoration industry. The brand continues to add new locations across the country. As natural disasters and aging infrastructure increasingly wreak havoc on homes and businesses, 1-800 WATER DAMAGE has become one of the most trusted and reliable property restoration franchises in the nation. Keep reading for three great reasons to invest in a water restoration franchise.
In addition to water damage restoration, 1-800 WATER DAMAGE offers a wide range of services from experts who are highly trained. Our services include mold remediation, fire damage restoration, sewage cleanup, and much more. Our team brings compassionate and quality solutions to some of the most uncertain circumstances in people’s lives.
For so many aspiring entrepreneurs, 1-800 WATER DAMAGE has proven to be a viable and lucrative franchise opportunity, and it’s not hard to see why. For one, more properties are falling victim to water damage situations, with studies showing over 14,000 people experience a water damage emergency at home or at work every single day. According to The Wall Street Journal, one in 50 homeowners filed a claim for water damage every year from 2013-2017, with that number only expected to increase. Add on the fact that natural disasters are increasing and becoming more severe, along with aging infrastructure, and you can see why 1-800 WATER DAMAGE’s services are positioned to be in critical need now and in the future.
Demand for Damage Restoration Continues to Surge
It’s an unfortunate reality, but extreme weather events are happening more often therefore the restoration industry’s critical services have never been in higher demand. The World Meteorological Organization recently reported the number of disasters has increased by a factor of five over the past 50 years. Over the last five years (2017-2021), NOAA found the total cost of disasters amounted to a staggering $742.1 billion.
All this to say, the damage restoration industry is poised for incredible demand, and therefore growth. One survey found there could be a 30% increase in restoration and remediation work in 2022. According to IBIS World, the restoration industry, valued at $210 billion, was expected to see unprecedented gains as a result of natural disasters becoming more common and more intense. Here are three meaningful reasons to invest in a water restoration franchise.
1. Take Your Business To The Next Level
When you franchise with 1-800 WATER DAMAGE, you’re not just starting a business on your own, you’re starting a business backed by a team of franchise experts at BELFOR Franchise Group.
Our franchisees are industry-leaders, and our crews are some of the most highly trained and skilled in the industry, and that’s not by chance. Through BELFOR Franchise Group, we offer more than four decades of experience, with a long track record of success, a proven business model, and an unparalleled support system. It’s why BELFOR Franchise Group has become one of the most trusted franchisors in the service, cleaning, maintenance, and restoration industry. All of our brands have a strong business support system that gives our franchisees a leg up over the competition.
2. Essential Business
When a basement floods or rain penetrates through the roof, paying for those repairs is not a luxury expense – it’s a necessity. Ignoring water damage can lead to more serious safety issues and even health concerns if mold begins to grow as a result.
At 1-800 WATER DAMAGE, our services are not dependent on whether home or property owners have disposable income to spend, like other industries. Our services are critical to the health and safety of occupants of the building. As a result, 1-800 WATER DAMAGE owners buy into a franchise concept that’s recession resistant and gives them the opportunity to give back to their community.
“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.”
3. Ongoing Support
Once it’s been determined that our culture and business model at 1-800 WATER DAMAGE is a great fit, you will begin one of the most comprehensive training programs in the industry. From the start, you’ll get hands-on experience at our state-of-the-art training facility in Ann Arbor, Michigan, where you will master the business and become an expert in our services. You’ll also have 24/7 access to our industry leading experts who can answer any and all of your questions.
Once you are open for business, our team does everything it can to allow you to focus on growing your business, including access to a 24/7 Call Center that fields requests for service, making sure you never miss a call! Our teams help you develop a business plan, set realistic goals, create a positive culture, and build relationships in your community. We offer all the support needed to get you into the multi-unit franchise ownership stage, which expands your profit potential.
“I’ve been to most of the training facilities that other brands in the restoration industry offer,” says Fagan. “Nothing comes close to 1-800 WATER DAMAGE. We have a flood house that allows you to get hands-on training for you and your team. We have over 40 people in our home office that are here to help you succeed. All we think about day-in and day-out is how we can make our franchisees successful.”
Want More Reasons to Invest in a 1-800 WATER DAMAGE?
To learn more about the many more reasons why now is an amazing time to invest in 1-800 WATER DAMAGE, please request more information through our form here. One of our dedicated team members will be in touch to start a conversation!