Exploring restoration franchise opportunities? Here’s why you should consider franchising with Restoration 1
Many brands are trying to capture a significant share of the restoration market — worth an overall $210 billion, according to A.M. Best Co. But who is best? As you research the Servpro franchise, it pays to research other brands, as well. Each is a little different in terms of support teams, strategies, values and ROI. Here’s what you should know about the Restoration 1 franchise opportunity.
What makes Restoration 1 a worthy investment?
Restoration 1 is a trusted name in the home and commercial property restoration service industry. Since 2008, we have 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.
Other brands may cut corners or use untrained people without the proper certifications, but Restoration 1 only sends experts fully trained and certified by the Institute of Inspection, Cleaning and Restoration Certification (IICRC) and the Indoor Air Quality Association (IAQA) to our customers’ homes.
Our brand has been successful in growing our national reputation because our leadership team understands that our franchisees are small business owners. Restoration 1 franchisees are in the business of helping people in crisis, and our leadership team is in the business of helping franchisees grow and prosper.
“I looked into other franchise opportunities before franchising with Restoration 1, but I found that other brands were too stuffy,” says Michael Wells, owner of a franchise territory in Round Rock, Texas. “They wouldn’t have allowed me to have the latitude to be able to run a successful business. The executive team at Restoration 1 are the opposite — they believe in their people, and they are there in a moment if you need them. While my business continues to grow, what really makes me passionate about this business, and why I can see myself doing this for the next 10 or 20 years, is that it allows me to help people. We get the privilege to help people ensure that their homes are safe for them to live in. It’s a very rewarding business to be in.”
Restoration 1 is rapidly growing; the rest of the industry cannot keep up
In recent years, there has been a tremendous need for more entrepreneurs to enter the restoration industry. This need is seen regularly in the news. Most recently, there is the tragic flooding in Houston, which is resulting in billions of dollars in property damage. Thousands of home and property owners will return to their homes, and they will need to call a restoration company to make their spaces habitable again.
The terrible events in Houston put in perspective just how much the restoration industry is needed — not just now, but going forward. Architectural Digest reports that millions of homes along the coasts will be at risk for damage caused by flooding in the coming years. This is why it is even more important to remember that Restoration 1 is the fastest-growing brand in the restoration industry. We’re growing because the need is real, and we’re growing rapidly while the rest of the brands in the industry are already out of territory or cannot keep up with our rapid pace.
In 2016, Restoration 1 added an astonishing 75 units, and that number is poised to be even better at the end of this year. This momentum has caught the attention of the franchise industry in a big way: Entrepreneur magazine named us as the No. 96 best franchise investment on their annual Franchise 500 list in 2017, up an unprecedented 287 spots from the year before.
“Now is the ideal time to invest in Restoration 1,” says Gary Findley, CEO of Restoration 1. “As the new kid on the block, Restoration 1 has a tremendous opportunity to become the dominant brand in the extremely lucrative restoration industry. The competition is completely out of territory, and the independent restoration brands do not have the resources to keep up.
“I’ve been in franchising for a long time, and Restoration 1 is truly unique,” Gary continues. “Not only is the brand a nationally recognized leader in mold, fire and water damage restoration services, but our concept also requires no brick-and-mortar expenses and zero inventory, and the potential for high-volume growth continues, no matter the economic climate. It’s a powerful opportunity for entrepreneurs who want a business they can scale quickly and the support of a franchise system that can give them the tools to be successful over the long term.”