If you’re ready to take a big leap and become your own boss, owning a franchise of an established business might be the best way to go. That way, you get a head start with the power of a known brand behind you from day one.
But when you’re figuring out what is the best franchise business to start, you have to look deeper than just the business; you have to find out how the whole industry is doing and where it’s forecasted to go. If you look closely at restoration industry trends, you’ll see an industry that’s growing now and is projected to keep growing well into the future.
These upward trends are just one of the great reasons to become a restoration entrepreneur with PuroClean! By owning your own PuroClean franchise, you can get involved in an industry that’s growing at a rapid pace while also playing a pivotal role in your community and helping your neighbors through stressful times.
How Big Is the Restoration Industry?
The restoration industry is massive. It’s currently estimated to be worth about $210 billion, but that number is expected to rise. Natural disasters have increased in intensity and frequency in recent years, and that’s not expected to slow down any time soon. It’s recession-proof, too, since fires and floods still happen no matter what the rest of the economy is doing.
The water damage restoration industry statistics alone are staggering. According to Restoration & Remediation magazine, water damage restoration was expected to grow 6.8% per year between 2020 and 2025. It alone is worth more than $80 million a year, which accounts for more than 40% of the total restoration market. And with aging water infrastructure in municipalities across the United States, it could grow even more.
When you factor in increased wildfire risks in California, increased tornado risks in the Midwest, more destructive hurricanes hitting Florida and rest of the East Coast and other restoration industry trends, it adds up to a much greater need for remediation services across the U.S. than ever before.
What Does a Remediation Company Do?
Remediation companies like PuroClean remove harmful pollutants from both residential and commercial properties. These pollutants may be the results of fires and smoke damage, floods and water damage, mold infestations or other biohazards like lead, asbestos or other chemicals. Cleaning them up may involve sewage cleanup, sanitation, professional deodorization, drying and dehumidification.
The goal of remediation is to restore a property to a safe and healthy state that complies with guidelines and regulations. PuroClean’s goal is to do that in the most efficient, professional, ethical and compassionate way possible.
At PuroClean, we believe we’re the leaders in the remediation and restoration industry because we give our franchise owners all the tools they need to succeed. Our dedicated regional directors and franchise developers are there to support you day and night, and our suite of software solutions help you run your business efficiently. Plus, franchise owners have the chance to get industry-leading training at the state-of-the-art PuroClean Academy in Tamarack, Florida. There, they can access one of only 24 Applied Structural Drying facilities in the world and earn accreditations from the Institute of Inspection, Cleaning and Restoration Certification.
We also believe PuroClean is one of the best franchise opportunities for women because of the flexible work environment, the low cost of the franchise and the opportunities to learn, grow and advance their careers.
What Is an FDD?
When you become a franchise owner with PuroClean, one of the most important steps of the process is reviewing the franchise disclosure document, or FDD. The FDD is comprehensive and covers everything you need to know about our brand, including the cost of investing and what you get in return for that investment. We want you to have as much information as possible, so we encourage potential franchise owners to carefully review the FDD as it has vital information about what your journey as a franchise owner will look like.
PuroClean’s FDD clearly lays out the initial fees of becoming a franchise owner, like the franchise fee itself and the cost of materials and equipment, and also the ongoing fees, such as monthly royalty and marketing fees. But it also lays out what PuroClean’s responsibilities are to you, including training opportunities, ongoing support and access to software programs and marketing material. A solid FDD can help you clearly envision what being a franchise owner looks like and what each side of the deal is responsible for.
If you’ve had a look at the latest restoration industry trends and decided it’s a business that you want to get into, PuroClean is here to help! Start by getting in touch and downloading a franchise kit today!