Whether due to aging structures, increased weather events caused by climate change or fire or water damage to homes and commercial buildings — those in the restoration business are in high demand. The estimated 5% annual growth rate has the global restoration industry valued at $210 billion, according to Gitnux Market Data .
If you’re considering becoming a franchise owner in this market sector, here’s a look at a top brand vs. our brand, for your comparison research.
Restoration 1 Franchise
The Restoration 1 franchise provides residential, commercial, and industrial restoration services for water, mold, and fire damage. The brand has been in the restoration business since 2008, based on information from their website. Although they’ve been franchising for 14 years, they only have 290 units based on their most recent Franchise Disclosure Document (FDD).
Restoration 1 provides exclusive territories and allows absentee ownership. New franchisees will receive 28 hours of on-the-job-training and 83 hours of classroom training. The franchise offers a well-established brand with a proven track record of delivering top-quality restoration services, ensuring a solid foundation for entrepreneurial success.
ServiceMaster Restore
In comparison, at ServiceMaster Restore, part of the family of ServiceMaster Brands, we provide up to 37 hours of on-the-job-training and 113 hours of classroom training to prepare franchise owners for business. The more comprehensive preparation may be due, partly, to the fact that all of our ServiceMaster Restore franchisees invest in full-time rather than absentee ownership. Part of our brand mission involves owners embracing the commitment of helping people in their local communities, by rebuilding their homes and businesses. Owners are dedicated to personally building relationships with their customers in the community.
At ServiceMaster Restore, we’ve been franchising since 1952 and have over 2,000 units, according to Item 20 of the most recent FDD. Our franchise offers essential services to help people restore homes and businesses after disaster hits. As a damage restoration franchise, we provide a vast network of support and resources, backed by decades of experience, that allows our franchisees to connect with a strong and reliable partner in their restoration business journey.
Side-by-Side Comparison of Brands
Restoration 1
- Franchise Fee - $59,900-$64,275
- Initial Investment - $94,600-$225,125
- Net Worth Requirement - $175,000
- Cash Requirement $75,000
- Royalty Fee 7%
- Ad Royalty Fee 1-2%
ServiceMaster Restore
- Franchise Fee - $72,500
- Initial Investment - $252,675 - $358,810
- Net Worth Requirement - $250,000-$350,000
- Cash Requirement - $150,000-$200,000
- Royalty Fee - $250+/mo.
- Ad Royalty Fee - $20+/mo.
Sources: Entrepreneur.com; FDDs
Although Restoration 1 franchise costs are lower, ServiceMaster Restore is not set up to be a home-based business. Instead, at ServiceMaster Restore, we know how important it is to have a dedicated site to house office space, equipment and vehicles. That kind of visibility gives the public a chance to know who the business is and where it’s located. This keeps the franchise top of mind when someone in the community needs those services.
Important Information About ServiceMaster Restore
At ServiceMaster Restore, we’ve been a restoration industry leader for more than 70 years and we know what it takes to help franchisees build a solid business that customers will depend on in their time of need. We offer a fuller menu of services than most of our competitors, including our Priority Response program, which minimizes disruption when disaster happens. Other services — such as taking care of water and mold damage, as well as fire and smoke damage caused by weather or leaking or damaged pipes — are offered by many in the industry. But at ServiceMaster Restore, we go a step further by providing solutions to the odors that arise from property destruction.
What’s valuable to franchise owners is our brand’s commitment to superior service through comprehensive training programs. Franchisees don’t just train on providing disaster services, they learn how to run their business. We provide every advantage in business through our proven model, operations and sharing industry relationships that make our franchise stronger. For example, in 1991, we set up the ServiceMaster Restore Quality Restoration Vendor (QRV) network, which has established best practices and made us a leader in the industry. Through QRV, our franchise locations deliver a superior level of customer satisfaction, including fairness with estimating and billing practices, ongoing employee training, improved communication, and cutting-edge technology. This commitment to superior service has built our reputation of fairness and earned the trust of major insurance carriers nationwide.
But our brand’s strongest asset is its people. Our franchisee testimonials speak volumes about the benefits of being a franchise owner with ServiceMaster Restore.
To learn more about becoming a franchise owner with ServiceMaster Restore, get started here. We’ll be in touch soon.