Owning a business in the disaster restoration industry can be both rewarding and lucrative. When disaster strikes and causes storm, smoke or fire damages — your business is available to lend a helping hand when a customer needs you the most. Your business is recession-resistant and considered essential to help commercial or residential members of your community to restore homes or buildings.
The restoration industry includes a variety of services such as water damage restoration, fire damage restoration, mold remediation, and other restoration and repair services for damaged buildings and structures.
The demand for restoration services can come from various sources such as natural disasters, accidents, or simply the wear and tear of aging buildings. In addition, there’s an increasing awareness among property owners and managers about the importance of timely and effective restoration services to prevent further damage and mitigate risks to health and safety.
The restoration industry is expected to continue to grow as the need for restoration services increases due to environmental changes, aging infrastructure, and the increasing frequency and severity of natural disasters. The industry is currently valued at $8 billion and projected to reach $115 billion by 2030 based on numbers from Straits Research.
It’s a competitive industry, but in the franchise sector, there are a couple of leading brands worth a second look. If you’re interested in owning a restoration franchise, let’s take a look at two leaders in the industry, SERVPRO and ServiceMaster Restore.
SERVPRO Franchise Cost and Info
If you are looking at franchise opportunities with SERVPRO, based on information from both the SERVPRO website and Entrepreneur, here are some highlights about the company. SERVPRO has been in business for more than 50 years. The franchise specializes in cleaning, repairing, and reconstructing commercial and residential buildings that have undergone water, fire, or smoke damage. As the business grew over the years, they expanded services, to include mold remediation, carpet cleaning services, upholstery, air duct, and HVAC cleaning.
Employees go through extensive training to deal with biohazard decontamination, chemical spills, and general cleaning.
Compare with ServiceMaster Restore
Similarly, ServiceMaster Restore provides franchise owners and their teams with extensive training that includes specialized education about cleaning and restoration and comprehensive instruction within our state-of-the-art facility about running your franchise including business, technical, and marketing support.
At ServiceMaster Restore, we have in-house experts in research and development who stay on top of industry innovations and best practices when it comes to certifications, restoration, professional supplies and products used in cleaning.
As a franchise owner with ServiceMaster Restore, you and your highly trained team will be an asset to those in need of your services with specialized experience with fire, flood, smoke, and mold damage repairs.
Side-by-Side Comparison Between Brands
|
SERVPRO |
ServiceMaster Restore |
|
|---|---|---|
|
Initial investment |
$216,905 - $270,780 |
$252,675 - $358,810 |
|
Franchise fee |
$80,000 |
$72,500 |
|
No. of units |
2,050 |
2,300 |
|
Cash requirement |
$105,000 - $110,000 |
$35,000 - $102,700 |
|
Royalties |
3%-10% of monthly gross volume |
$250 or 10% of monthly Gross Service Sales |
|
Territories |
No exclusive territories |
Exclusive territories available |
*Based on information obtained from Entrepreneur and FDD
ServiceMaster Restore is What You’re Looking For
With this side-by-side comparison, you can see that SERVPRO costs are very similar to ServiceMaster Restore, although the overall costs are less expensive with ServiceMaster Restore. A few other differences worth noting include:
- ServiceMaster Restore is backed by a national franchise network with more than 70 years of experience, exceeding SERVPRO’s years in business.
- ServiceMaster Restore specializes in restoration, and, unlike SERVPRO, we leave other specialties like cleaning to our franchise partners. Having a specialty means we focus on one thing — restoration — and we are leaders in the industry.
When determining which franchise suits you best, remember SERVPRO franchise costs are competitive, but ServiceMaster Restore provides an effective overall franchise ownership experience thanks to our high level of service to commercial and residential customers of disaster restoration services. We handle fire and smoke damage, weather and odor damages and are a water restoration franchise that helps both commercial and residential customers.
If you’re ready to get started in a lucrative industry that helps your community and generates great profit potential, fill out our form and we’ll be in touch.