Being a Franchise Owner is an excellent opportunity to take advantage of a franchise business model that has proven to be a profitable investment option for entrepreneurs and business professionals. The number of franchises in the U.S. is estimated to grow by more than 15,000 in 2024, according to the International Franchise Association.
When you buy a franchise, you are essentially purchasing a ready-made business with an established brand name and time-tested business protocols. Here are some of the benefits of following the franchise business model:
- Instant brand awareness
- Ongoing training and support
- Access to an already-established customer base
- Marketing and advertising support
PuroClean is a leading property damage restoration company with many opportunities for franchise growth and expansion. The average restoration business profit margin is considerably high compared to most businesses. No matter your background, you could be a successful PuroClean Franchise Owner and we’ll be with you every step of the way.
Franchise Owners Benefit From Multiple Revenue Streams
One of the main reasons that a PuroClean franchise opportunity is so profitable is that our Franchise Owners can leverage multiple revenue streams from the services they offer. The multiple revenue streams that come with our franchise investment costs allow our Franchise Owners to enjoy increased cash flow, providing financial security and flexibility.
Here are some of the services that PuroClean offers:
- Water damage restoration
- Fire and smoke damage restoration
- Mold removal
- Biohazard cleanup services
- Reconstruction services
- Air duct and vent cleaning
- Tile and grout cleaning
- Commercial services
PuroClean is also happy to offer services to both homeowners and businesses, allowing our Franchise Owners to assist with the restoration of all kinds of property. No matter the crisis someone may be dealing with, your community can take solace in knowing they can call you for help and support. Our ideal candidate is someone who is hardworking, motivated and excited to grow into their role as a Franchise Owner.
Restoration Business Profit Margin
Is restoration business profitable? Profit margins vary considerably based on what services you offer. Within this range, it really all comes down to how one manages and markets their business.
Many remediation businesses lose profit margins due to a lack of training and inefficient staff. Not having the right people for the job or not providing adequate training can lead to productivity and efficiency problems.
Another issue that can lower profit margins for restoration companies is not charging enough for overhead and profit. From PPE to specialized equipment, the expenses for one job can add up and it’s essential to account for that when providing quotes and billing.
When you are a PuroClean Franchise Owner, you can avoid common pitfalls that new business owners often fall into. From day one, you can have access to proper training, which will teach you how to run a business and the industry itself. This will not only help you set up but ensure that your staff are also well-supported and trained.
Our support extends into all areas, including help with site selection, recruiting staff, marketing your business, setting up and training on new technologies, estimating training to maximize franchise revenue and an on-location mentorship with a fellow Franchise Owner.
Our Industry Is Recession-Resistant
A recession-resistant business is one where income and performance are not greatly affected by economic downturns and instability. Businesses that typically fall into this category are those that offer essential products and services.
PuroClean is proud to be part of a robust recession-resistant industry. Property damage happens year round, regardless of the state of the economy, and people are always going to be in need of your help.
This is why the property damage restoration industry has a market size of $4 billion and is poised for massive growth as the occurrence and intensity of natural disasters continue to increase. In 2022, property damage accounted for 97.8% of homeowners insurance claims. The average property damage claim was $15,570, but it went as high as $83,991 on average for fire and lightning damage.
Top Franchise Owners Collaborate in Their Marketing Efforts
One of the ways we encourage collaboration and networking between our Franchise Owners is through our open market system, sometimes referred to as an open territory system.
In an open territory system, we don’t prohibit Franchise Owners from providing services to communities outside their designated territories. Franchise Owners are encouraged to market their services outside their territory’s radius. One would think that this would cause great competition between our Franchise Owners, but we’ve actually found that this system encourages them to work together to market their PuroClean businesses as a collective.
Our Franchise Owners have been able to reap great benefits from our open market system in terms of revenue and networking opportunities.
We Offer the Franchise Ownership Option for Business Conversions
Some of our Franchise Owners were previously independent property damage restoration business owners who weren’t seeing the level of growth in revenue they wanted while operating independently. Joining the PuroClean family has broadened their customer base and significantly increased their restoration business profit margin.
By partnering with a franchise business, you can be in business for yourself, but not by yourself. Our time-tested business model and well-established customer base will be there to support you throughout your PuroClean journey, helping you on your way to success.
Ready to learn more about the next steps to owning a PuroClean franchise? Download our free franchise kit and learn how to become a Franchise Owner in the restoration industry today!