The Restoration Company Business can be a lucrative and attractive industry. With much of the income paid for by insurance carriers, the lion's share of the revenue comes from a third-party provider as opposed to being paid for directly out of the consumer's pocket. When handling work in the water damage sector, mould remediation and fire damage areas, this type of work doesn't slow down when the economy dips.
The restoration industry also is attractive from the perspective of start-up investment costs being that a new business in this industry segment requires only $30k - $100k in most cases.
As a business owner in the Restoration Services industry segment, you should be considering ways to expand the operations and grow the business. Franchising has been proven to be a viable and lucrative expansion option for many restoration companies.
Paul Davis, Puroclean, Servpro and Service Master have all franchised their restoration businesses with great success and opened thousands of locations in new markets. When considering how to franchise a restoration business, although there has been a past success, several questions must be answered prior to launching your own franchise organization.
FMS is a team of expert franchise consulting professionals based in Canada that provides solutions for franchise development, franchise consultation, and expansion of businesses globally.