There are so many factors that go into figuring out what the best franchises to buy are. These include brand power, scalability, revenue potential, franchisor support, training, and competitiveness within its industry. Finding a franchise that ticks all these boxes and taps into your existing skill set can be tricky.
However, if you’re looking to own a restoration franchise and help your neighbors get back on their feet after fires or floods damage their properties, becoming a PuroClean Franchise Owner might just be the opportunity you’ve been waiting for! Our reputation and proven business model can give you a head start when you start up your own smoke and water damage franchise.
Keegan and Tim’s Story
If you’re wondering, “Is owning a franchise profitable?” consider the example of Keegan Trudgen and Tim Lohse. Keegan first became a PuroClean Franchise Owner in 2013, servicing the area around the Chicago suburb of Bensenville, Illinois. He was looking for a company that served a growing market, and he found the disaster remediation industry to be just the ticket.
“[PuroClean] was a growing national brand with a good reputation, and I felt — with the company’s support — I could build a scalable business,” Keegan says.
Keegan did a lot of research before signing up with PuroClean. He carefully reviewed the company’s Franchise Disclosure Document (FDD), which outlined the startup costs and provided information on royalties, marketing fees, and the corporate training and operational support he would receive. He also made sure PuroClean had strong financials and leadership. After this close examination, he determined PuroClean would be the best franchise to make money because of its high margins and relatively low operating costs.
Three years later, Keegan brought in his longtime friend Tim and his aptitude for corporate management to help run his business. Since then, they — along with another partner in Texas — have expanded to own 10 PuroClean franchises in major American markets like Chicago, Dallas, Detroit, Milwaukee, and Green Bay. Their multiunit operation now employs 80 people and serves around 2,500 clients each year.
“We never sought outside bank financing,” Keegan says. “Instead, we self-funded all of our expansion, and we were able to do this using the power of compounded returns since we have had 40% compounded returns annually for 10 years.”
What Does a Remediation Company Do?
Simply put, remediation and restoration companies remove harmful pollutants from residential and commercial properties to bring them back into compliance with environmental regulations and guidelines. These pollutants could include asbestos, lead, mold, or other chemicals that have been present since the building was constructed many years ago, or they could have shown up recently following a disaster.
Restoration technicians use their technical proficiency following a fire to clean up and repair smoke damage, as well as remove lingering odors. Meanwhile, flood and storm damage restoration involves proper drying and dehumidification of buildings and the identification and removal of potentially harmful mold and bacteria.
With the comprehensive training that PuroClean provides through the PuroClean Academy in Florida, Franchise Owners become specialists in property damage remediation and restoration. And with on-demand, online courses available, they can keep up their mastery of the latest industry techniques, tools, and trends.
How Do Restoration Companies Make Money?
PuroClean Franchise Owners can leverage multiple revenue streams to grow their businesses. These include:
- Fire and smoke damage
- Emergency water removal
- Mold removal
- Biohazard cleanup
- Reconstruction
While certain seasons are worse for severe weather across the United States, storms, floods, and fires can strike anywhere at any time. This makes PuroClean one of the best franchises to buy because the restoration industry is highly recession-resistant. As these natural disasters continue to increase in frequency and severity, the industry is poised to grow even faster in years to come.
Get More Information on Becoming a PuroClean Franchise Owner
If you’re ready to find out why a PuroClean franchise is one of the best franchises to buy in any industry on the market today, we’re ready to tell you more. Get started by downloading a FREE franchise information kit today!