1-800 WATER DAMAGE Franchise FAQs
Answers to common questions about the 1-800 WATER DAMAGE franchise opportunity
Below are answers to the most commonly asked questions about the 1-800 WATER DAMAGE franchise opportunity. If you don’t see your question answered, or have additional questions, fill out an application on this site and a member of our team will be in touch with you shortly. We can’t wait to learn more about you!
What is 1-800 WATER DAMAGE?
1-800 WATER DAMAGE is a growing leader in the property restoration industry, offering water and flood damage restoration; mold damage remediation; fire and smoke damage restoration; sewage cleanup; carpet and upholstery cleaning services and more. With locations from coast to coast, our team of dedicated experts are “Restoring What Matters Most” for homeowners and business customers, 24/7/365. The 1-800 WATER DAMAGE brand is owned and managed by BELFOR Franchise Group, a division of BELFOR Holdings, Inc., the world’s largest disaster restoration company.
How much does a 1-800 WATER DAMAGE franchise cost?
1-800 WATER DAMAGE is one of the most affordable franchise opportunities in the restoration industry. The total investment for owning a 1-800 WATER DAMAGE franchise ranges from $170,089 to $294,984. We proudly offer a 20% discount to veterans interested in investing in a 1-800 WATER DAMAGE franchise. Reach out to us to learn more!
For a more detailed look at cost and investment information, please visit the Initial Investments and Startup Costs page.
What are the financial requirements for franchising with 1-800 WATER DAMAGE?
To franchise with 1-800 WATER DAMAGE, you will need to have the required minimum liquid capital of $100,000 and a net worth requirement of $150,000 to $200,000 to open your own business.
Is there a continuing royalty fee?
Yes. The continuing royalty fee is 3% to 10% of Gross Sales, no less than $500 per month.
Will you help me secure financing?
Yes! 1-800 WATER DAMAGE offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll and service vehicles. 1-800 WATER DAMAGE has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
I’ve never owned a business before. Do you offer training and support?
Yes. We pride ourselves on having the best support in the industry. Our state-of-the-art training facility in Ann Arbor, Michigan, is an invaluable resource to our franchise owners. We provide in-person training, as well as ongoing marketing support, financial coaching, professional branding, industry-leading equipment, as well as a 24/7 call center to ensure you never miss an opportunity to make help a customer in need.