1-800 Water Damage is a restoration service specializing in water damage, mold removal, and fire and smoke damage restoration. The franchise provides expert services for both residential and commercial properties to restore and repair damage.
Key Insights
- 1-800 Water Damage began with a vision to standardize water damage restoration services, focusing on prompt response and clear communication to alleviate the stress of property emergencies for homeowners and businesses alike, building a foundation for national service.
- The business operates through a network of trained and certified technicians who utilize advanced equipment for water extraction, drying, and mold remediation, ensuring a comprehensive approach to mitigating damage and preventing further issues.
- The franchise is part of the restoration and disaster recovery industry, a sector that addresses property damage from water, fire, and other emergencies, providing essential services for property maintenance and recovery.
Franchise Fee and Costs to Open
Exploring the financial picture of 1-800 Water Damage gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $220,803 - $315,448, along with a franchise fee of $59,000 - $59,000.
Financial Performance and Revenue
Yearly gross sales of $433,770 and estimated earnings of $52,053 - $65,066 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.1-7.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
1-800 Water Damage provides comprehensive initial training. This program, approximately two weeks in length, is conducted at the franchisor's headquarters. The training offers franchisees a foundational understanding of operations. Resources are made available to support franchisees.
Legal Considerations
Legal considerations for a 1-800 Water Damage franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee entering the Home & Building Services sector, mirroring a model like 1-800 Water Damage, will encounter considerations around navigating a local competitive landscape. Managing the operational complexity inherent in disaster restoration, from emergency response to reconstruction, demands consistent service delivery. Furthermore, reliance on specific materials and equipment presents potential supply chain challenges that require proactive planning and vendor relationships.
Franchise Datasheet
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