What Are My Startup Costs & Fees?
1-800 WATER DAMAGE is one of the most affordable opportunities in the restoration industry
1-800 WATER DAMAGE provides entrepreneurs with the opportunity to thrive in the $210 billion restoration industry. With nearly 70 locations open across the nation, 1-800 WATER DAMAGE has helped countless entrepreneurs just like you reach their full potential with a business model that is both emotionally and financially rewarding.
1-800 WATER DAMAGE is one of the most affordable businesses to own in the restoration industry. With the total investment for a standard franchise ranging from $206,989 to $296,484, including everything from equipment, vehicles, and access to our state-of-the-art training platform, 1-800 WATER DAMAGE is a turnkey business designed for growth. You also have the option to convert your existing business, with an investment ranging from $69,889 to $274,634.
This is why Entrepreneur magazine named 1-800 WATER DAMAGE as a Top Franchise for Any Budget in 2019 and why we’re one of the fastest-growing property restoration franchises in the nation.
“We never forget that our franchisees leave their careers to pursue the dream of owning a business,” says Tim Fagan, President of 1-800 WATER DAMAGE. “This is why we have the best training platform in the industry, and it is why we’re so committed to giving them the tools and resources they need to become successful in business. By doing so, we’re helping to develop entrepreneurs who provide a service that property owners desperately need. It’s a win-win-win, for us, our franchise owners, and for their communities.”
Financing is a great way to make business ownership affordable. 1-800 WATER DAMAGE has relationships with third-party lenders to help make financing accessible. One of the advantages of being associated with BELFOR Franchise Group is that third-party lenders are much more likely to grant financing to a franchise that has a track record of success.
We also offer discounts for military veterans. We value our military veterans and believe that they make exceptional franchise owners. Their proven ability to work within systems, follow processes, and demonstrate leadership makes them ideal candidates for 1-800 WATER DAMAGE. Because of this, we offer military veterans a 20% discount on franchise ownership.
Here is an Overview of the Costs & Fees of Ownership
For a detailed overview of all of the costs and fees associated with owning a 1-800 WATER DAMAGE franchise, please review Item 7 from our most recent Franchise Disclosure Document:
| Type of Expenditure | Amount Low | Amount High |
|---|---|---|
| Initial Fee per Territory | $59,000 | $64,950 |
| Initial Package Fee / Marketing and Operations Package / Equipment and Products Package Fee | $51,00 | $51,000 |
| Vehicle with upfitting | $70,000 | $105,000 |
| Food and Lodging while at Training, not including the cost of transportation | $1,800 | $2,500 |
| Full time Service Technician | $6,336 | $16,896 |
| Business Telephone Fee | $0 | $150 |
| High Speed Internet, Anti-Virus Software and Electronic Mail | $267 | $477 |
| Computer System | $0 | $2,875 |
| Insurance | $4,500 | $8,750 |
| Global Positioning System / Data Communications Services Fee | $86 | $86 |
| Rent | $3,000 | $9,000 |
| Leasehold Improvements | $0 | $1,200 |
| Security Deposits / Utility Deposits | $1,000 | $3,000 |
| Licenses and Permits | $0 | $600 |
| Additional funds for the first 3 months | $10,000 | $30,000 |
| Total Estimated Initial Investment & Additional Expenses | $206,989 | $296,484 |
For a detailed overview of all of the costs and fees associated with converting your business to a 1-800 WATER DAMAGE franchise, please review Item 7 from our most recent Franchise Disclosure Document:
| Type of Expenditure | Amount Low | Amount High |
|---|---|---|
| Initial Fee per Territory | $34,000 | $44,000 |
| Initial Package Fee | $6,900 | $51,000 |
| Vehicle* | $6,000 | $105,000 |
| Food and Lodging while at Training, not including the cost of transportation | $1,800 | $2,500 |
| Full time Service Technician | $6,336 | $16,896 |
| Business Telephone Fee | $0 | $150 |
| High Speed Internet, Anti-Virus Software and Electronic Mail for 3 months | $267 | $477 |
| Computer System | $0 | $2,875 |
| Insurance | $4,500 | $8,750 |
| Global Positioning System / Data Communications Services Fee | $86 | $86 |
| Rent | $0 | $9,000 |
| Leasehold Improvements | $0 | $1,200 |
| Security Deposits / Utility Deposits | $0 | $2,500 |
| Licenses and Permits | $0 | $200 |
| Additional funds for the first 3 months | $10,000 | $30,000 |
| Total Estimated Initial Investment & Additional Expenses | $69,889 | $274,634 |
| *Can finance up to 50% of franchise fee |
Ready to bring 1-800 WATER DAMAGE to your community?
If you’re ready to open a restoration franchise in your community, simply fill out a form on this site and begin a conversation. We can’t wait to learn more about you!
