3 Reasons Why Restoration 1 Franchise Is a Best-Bet Investment
The fastest growing restoration franchise is actively seeking entrepreneurs as we rapidly expand across the nation
An opportunity like Restoration 1 only comes around once in a lifetime. Restoration 1 is the fastest growing restoration franchise in the nation. In 2016, we opened an astonishing 75 locations and today have dozens more in development.
The industry is just as excited about our business model as our franchisees. In 2017, Entrepreneur magazine ranked Restoration 1 as No. 96 in their prestigious annual Franchise 500 list of the best franchise systems to invest in. This ranking was especially significant as Restoration 1 jumped an unprecedented 287 spots up from the year before. Entrepreneur also ranked Restoration 1 as No. 72 in their Fastest Growing Franchises list for 2017.
“We really have the wind at our sails,” says Micah Findley, COO of Restoration 1. “Our brand has a ton of momentum because our franchise is the bright spot in a rapidly growing industry with many of the larger brands stagnating, sold out of territories, or unable to compete in the 21st century market. With low investment, zero overhead costs, and no added expense of a brick and mortar building, Restoration 1 is successful because we’ve designed our business to be effectively turn-key. Our franchisees use their natural talents as networkers, as well as our proven system and tools we provide, to become established in their communities as the go-to restoration business. This is why our franchise attracts former stockbrokers, corporate executives and tradesmen alike, all of whom have equal success. Restoration 1 is a simple business to understand and it’s even easier to own.”
Here are three reasons why entrepreneurs are signing on in record numbers to bring the Restoration 1 franchise to their communities:
Restoration 1 is the brightest brand in the $60 billion restoration industry
Restoration 1 is a trusted name in the home and commercial property restoration service industry. Since 2008, we’ve helped thousands of home and property owners return safely to their homes and properties after disaster strikes. Whether it’s mitigating water, fire and smoke damage, or removal and remediation of dangerous mold, Restoration 1 is the name customers turn to for help getting back into their homes and commercial properties.
Our reputation for fast responses, unparalleled quality, and uninhibited commitment has contributed to our growth as a company throughout the United States and Canada. We understand that the need for property restoration services can come at the most unexpected time, which is why we are always ready to help! Restoration 1 aims to exceed the expectations of every customer we work with and restore their property to its pre-damaged state.
Each of our restoration experts is fully trained and certified by the Institute of Inspection, Cleaning and Restoration Certification (IICRC) and the Indoor Air Quality Association (IAQA). Franchise owners are trained in how to establish themselves in business by becoming the preferred referral partner of local plumbers, home inspectors, home adjusters, insurance agents and other third party tradespeople who have the ability to spot a problem within a home.
“When we get called to do a job, it’s very often that we’re dealing with a customer who is in crisis mode,” Micah says. “We take that extremely seriously, and have steps in place to ease their minds that allows us to be completely transparent. Before we do any work, we provide our customers with a free consultation, a quote, and a timetable of how soon a job can be completed. We also do a professional job quickly, so that our customers can move back into their homes as soon as it is safe for them to do so.”
Our competition is either sold out of territory or running out fast
Restoration 1 may be the new kid on the block, but the brand, founded in 2008, is poised to become the nation’s first household name for restoration services. Restoration 1 opened 75 locations in 2016 and now has over 115 locations nationwide. While the national chains are either rapidly running out of available territory or are sold out entirely, Restoration 1 has become the nation’s fastest growing restoration franchise.
Restoration 1 is leveraging its excellent reputation as the leading brand for home restoration and remediation services by ramping up a nationwide expansion campaign with the goal of opening 500 franchise locations in the coming years. Restoration 1 franchise owners are the leading names in their communities for water, mold, fire remediation and restoration services, as well as emergency services, storm damage services, sewage system cleanup, and more.
“Our franchisees are natural networkers, who want to engage their communities,” says Gary Findley, CEO with Restoration 1. “It doesn’t take very long for a new franchise to become established. We train our franchisees extensively in effective networking so they can build a substantial partner referral base that works for them. We want our franchisees to be working jobs every single day, and so we build a proforma business plan with our franchisees that helps them realize their long-term and short-term goals. We touch base with our franchisees at least once a month to go over their business plan and help them determine where they can spend their energies to become more profitable. We want them to be successful, and we will work with them as they scale, so that they can be profitable over the long-term.”
Restoration 1 is a low cost investment that is easy to scale
Restoration 1 is a low-cost investment opportunity with potential for high returns, with the total investment estimate of beginning new restoration franchise operations ranging from $77,950 – $182,100. With a base franchise fee of $49,500, which is much lower than the competition, Restoration 1 has zero overhead and no buildout costs or brick and mortar expenses, making Restoration 1 far more affordable than other franchise concepts in the home restoration industry.
“We’re really big on financial awareness,” Micah says. “From the outset, we put together a proforma business plan with our franchisees to establish long-term and short-term goals. We then meet with our franchisees on a monthly basis to refine their strategy and hold them accountable to their goals, but also to provide insight into how they can be more profitable. Our number one concern is for our franchisees to be successful and that their businesses continue to exceed their financial expectations. When you have happy franchisees, you have a successful franchise.”