Why You Should Start a Water Damage Restoration Business
Aging infrastructure, natural disasters and commonplace water leaks are creating demand for property restoration professionals
If you’re looking for viable business opportunities, starting a water damage restoration business should be at the top of your list. Every day in the United States, 14,000 people experience a water damage emergency, costing homeowners more than $10 billion every year to remediate and restore mold and water damage, according to Marketwired.
It should come as no surprise then that the restoration industry is booming at $210 billion annually — and that number is expected to get bigger in the coming years. There are several reasons contributing to this growth, including storms, an increasing awareness about the health effects of mold in homes, aging homes and infrastructure, as well as flooding and wildfires.
One of the leading drivers of this demand, however, is the increasing intensity of natural disasters such as hurricanes, earthquakes, and tsunamis. Since 1980, the U.S. has experienced more than 210 natural disasters that resulted in damage costs that reached or exceeded $1 billion, according to NOAA Climate.gov. In fact, in 2017 alone, natural disasters resulted in $306 billion in losses, which has since become the costliest disaster year on record, notes the science and information agency.
Another key driver is the commonplace water leaks that occur on a more frequent basis. If you’re a homeowner, you know that coming home to a puddle of water or 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 property 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 while restoring 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. Although insurance companies seek us out because of our expertise, it’s our willingness to go above and beyond for our customers that 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 not only thrive in business, but provide the necessary tools and resources that will ensure they 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 make it happen,” 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, which 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 and has developed a comprehensive initial and ongoing training platform to help our franchisees thrive in business.
This starts at our state-of-the-art training facility in Ann Arbor, Mich., which is designed to help you master the business and become the expert your community will rely on when disaster strikes. Our facility is equipped with an on-site flood house to give you hands-on training, technology-enhanced classrooms, a 24/7 call center, and industry-leading experts who will work alongside you 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 if you’re not in this business to make a difference, to treat people with respect and dignity, this isn’t going to be the right fit. 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. This is why 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 is poised to continue growing. While competing brands have either sold out of territories or cannot keep up with demand, 1-800 WATER DAMAGE is still growing. 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 and our franchisees are able to choose from large, protected territories that 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 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.”