When you’re considering starting your own business through franchising, you have a lot to think about. One of the many–and perhaps most important–due diligence steps you’ll need to take is determining which industry is the best fit for your goals, skills, and budget. You have no shortage of choices, from more traditional options like fast food restaurants and convenience stores to more specialized options in the healthcare and wellness industries. Choosing an opportunity in the restoration industry, like ServiceMaster Restore, is a surefire path to success.
Why Invest in the Restoration Industry?
Beyond our national brand recognition and stellar reputation, ServiceMaster Restore franchisees are well-positioned to turn positive market trends into businesses that thrive.
Recession Resilience and Rapid Growth
Due to increasing extreme weather conditions, as well as aging commercial and residential infrastructure, the restoration industry is estimated to be a $210 billion industry with growth that shows no signs of slowing. According to 2022 statistics published by iProperty Management, home water damage emergencies affect 14,000 homeowners on any given day, with the average insurance claim totaling $11,098.
While the rate of housefires has slowed over the past 40 years, TheZebra.com estimates that there are still about 358,300 housefires each year with an average restoration cost of over $20k. And in 2022 alone, there were 18 climate disaster events with losses exceeding $1 billion each. These numbers will only increase as time goes on. As unfortunate as that may be, it does mean that the restoration industry is the best franchising opportunity for entrepreneurs looking for unlimited earnings potential in a recession-resilient industry that allows them to make a difference in the lives of others.
A Trusted Brand with a Stellar Reputation
At ServiceMaster Restore, we understand that our customers are coming to us for help during some of the darkest moments of their lives. The trust our customers and their insurance companies place in us to help them get their lives back on track isn’t something we take lightly.
For over 65 years, ServiceMaster Restore has been setting the standard for quality throughout the restoration industry. From our best-in-class services to the industry-leading resources our franchise network receives, our commitment to our franchise owners and customers is unmatched. When you bring our strong, reliable brand to your community, you’ll have the tools, trust, and support you need to build a thriving business.
Is the Restoration Industry Right for Me?
If you’re deciding between franchising opportunities, it’s natural to wonder which industry is the best fit for your skills and abilities. Many of our owners come from related fields like construction and insurance, but others have determined that restoration is their best opportunity to make a difference in the world.
While we do prefer owners with industry-specific experience and welcome independently-owned restoration companies to join our network through franchise conversion, anyone who’s willing to work hard and follow our processes can succeed as a ServiceMaster Restore owner. For those who are new to the industry, our comprehensive training program makes the transition to restoration simple and straightforward. We require our owners to receive IICRC certifications in each of our areas of service, so you should be prepared to devote considerable time to training before you open.
