Recession Resistant Franchises: 1-800 WATER DAMAGE
Water Damage Restoration Remains an In-demand Industry During Recessions
Although the economy slows during a recession, water damage does not, making restoration companies like 1-800 WATER DAMAGE recession resistant businesses even in times of financial uncertainty. In fact, expert studies show water damage events are on the rise as both natural disasters and America’s aging infrastructure continue to wreak havoc on homes and businesses. As a result, the water damage industry tends not to be negatively impacted by financial crises brought on by recessions or pandemics. Our services are essential, which is one of the reasons the restoration industry has ballooned into a $210 billion industry and remains a worthy investment for those that want to make a difference in their community.
Starting a business or franchise can be incredibly daunting and risky. That’s why so many entrepreneurs seek out opportunities in fields that are more likely to withstand an unpredictable economy. Time and again, water damage restoration companies are able to overcome challenging and uncertain times. “Does emergency response stop because the stock market is down? No,” according to a report in Restoration & Remediation Magazine. “From 2008 – 2011, the industry proved it was recession resistant, not recession proof. Many restoration companies grew during these years.”
One reason water damage restoration is not harshly impacted by recessions or pandemics is because natural disasters stop for no one. On top of that, natural disasters are on the rise as a result of climate change. “The number and cost of weather and climate disasters is rising due to a combination of population growth and development, along with the influence of human-caused climate change on some type of extreme events that lead to billion-dollar disasters,” according to a report from the National Oceanic and Atmospheric Administration.
Along with natural disasters comes water damage. The risk of flood events, for instance, is on an unprecedented climb as storms increase in intensity and frequency, and as property development continues in high-risk areas. One study found over the next three decades, the cost of flood damage is expected to increase over 60%. With population and property development growth, the same study found U.S. flood losses will be four times higher than the climate-only effect. If you are looking to invest in a sustainable business that allows you to help restore homes, businesses and people’s lives back to normal, 1-800 WATER DAMAGE is a wise choice.
Fastest Growing Franchise Following a Global Pandemic
1-800 WATER DAMAGE was recently ranked one of the fastest growing franchises of 2022 by Entrepreneur magazine. With an incredible 135% growth in units over the past three years and more than 150 locations across the U.S., 1-800 WATER DAMAGE placed #61 out of more than 150 top-performing brands across various industries.
“1-800 WATER DAMAGE has expanded to include many locations all over the country. It is one of the fastest-growing restoration companies in the United States,” Entrepreneur wrote. “Growth is what franchising is all about, and this ranking identifies the franchise brands with the greatest franchise unit growth in the U.S. and Canada from July 2020 to 2021, with ties broken based on percentage growth, based on data submitted for the 2021 Franchise 500.”
No Experience Required
1-800 WATER DAMAGE is a leader in the water damage restoration industry. Our services include water and flood damage restoration, mold damage remediation, fire and smoke damage restoration, sewage cleanup, critical cleaning, and more.
Is previous experience needed to open a water damage restoration franchise? No experience is required, because 1-800 WATER DAMAGE has developed an exceptional business model that provides everything needed to build a great business. We boast one of the best support and training platforms in the industry, with everything from in-person training, ongoing marketing support, financial coaching, state-of-the-art equipment, and access to a 24/7 call center to ensure you never miss an opportunity to help a customer in need.
BELFOR Franchise Group – a Family of Brands Under One Roof
Did we mention 1-800 WATER DAMAGE is backed by the largest restoration franchisor in the world? BELFOR Franchise Group provides franchisees unparalleled access to a proven business strategy along with a turnkey model that allows new owners to hit the ground running. What’s more, our franchisees receive literally every bit of information and support they need, from marketing, advertising, public relations and operations. By the end of our training program, which includes a class at our state-of-the-art training facility, you’ll know how to expertly use our equipment, perform jobs and interact with customers.
Learn More About Recession Resistant Businesses
Choosing a business to invest in can be one of the biggest decisions of an entrepreneur’s life. You have to factor in a number of questions – is the market growing? Is it a business model with profit potential? And, just as important, can it withstand times of financial uncertainty? Time and again, water damage restoration franchises have proven to be recession resistant businesses that involve meaningful work. That’s why so many aspiring entrepreneurs have chosen 1-800 WATER DAMAGE.
If you want to learn more about the recession-resistant opportunity at 1-800 WATER DAMAGE, fill out our form here. Our franchise team will be in touch with a complimentary copy of our Franchise Information Report.