Entrepreneur Magazine Names Restoration 1 Franchise a Worthy Investment for 2020
Fast-growing restoration franchise is named to prestigious annual list of top franchise opportunities for 2020
After another year of strong growth for the unstoppable Restoration 1 franchise, the brand once again ranks high on Entrepreneur magazine’s “Franchise 500,” of the top investment opportunities for 2020.
Charting at #167, Restoration 1’s strong position is the direct result of the tremendous growth the brand has experienced since CEO Gary Findley took the reigns of the brand in 2016. In four years, Findley has more than doubled the size of the franchise network, and plans to have more than 500 locations open in the coming years.
For more than 40 years, the Franchise 500 has been the preeminent franchise ranking system, helping entrepreneurs make worthy investments. For this year’s list, the publication analyzed hundreds of brands on the merits of growth, franchise support, and more. Restoration 1’s high position is a strong testament to our proven business model and culture of continued support.
Founded in 2008, award-winning Restoration 1 provides 24/7 water damage, fire damage restoration and mold remediation services to communities throughout the United States. As the leading name in property restoration services, our brand has sold close to 300 locations and are in 41 states, with plans to expand to more than 500 locations nationwide in the next three years.
“This business has all of the best elements to succeed,” says Gary Findley, CEO of Restoration 1. “It’s a low entry-level investment with big potential financial rewards in a recession-resistant industry. You can start this business without an expensive storefront to build out, and we are essentially putting lives back together for our customers when they experience a disaster. Whether it’s water damage, fire damage, smoke damage, or mold remediation, this is incredibly important and rewarding work. And that’s why so many franchise owners want to be a part of this journey.”
What Makes Restoration 1 A Best-Bet Investment?
Natural disasters are driving demand for property damage restoration professionals. In 2016, the Environmental Protection Agency reported that severe storms led to about $6 billion in property damage. This is truly a recession-resistant business.
Our commitment to exceptional customer service in times of crisis is what sets us apart from our competition. With 24/7 availability, our more than 230 open locations are ready when disaster strikes. Restoration 1 is more than able to tackle jobs of any size at any time. Our franchise owners are not only trained to treat their customers with empathy, but also perform expert work without too much disruption, and help their customers return to homes and properties that are safe to inhabit.
Our proven business model has helped several first-time entrepreneurs without any experience in the restoration industry achieve exponential results. Franchising with Restoration 1 means that you are never alone in business. From the moment the franchise agreement is signed, we provide our franchisees with everything they need to quickly ramp up their businesses and become established in their communities over the long-term.
Even better, Restoration 1 is a low-cost investment opportunity for high returns with the total investment estimate of beginning new restoration franchise operations ranging from $84,500 to $193,125 – including our franchise fee. Our base franchise fee of $54,900 is much lower than the competition. Since we have zero overhead and no buildout costs, or brick-and-mortar expenses, our thriving water damage franchise is far more affordable than other franchise concepts in the home restoration industry.