Are you curious about investing in your own water damage restoration franchise? Operating your own PuroClean restoration franchise could be an excellent opportunity for you and your family. There are many interesting water damage restoration industry statistics that show just how common water damage is, and that there will always be a demand for someone to set things right when the unexpected happens.
Here are just a few notable statistics and observations:
- 14.6 million U.S. homes are at risk of flooding
- Home water damage emergencies can affect 14,000 people a day
- Across the country, annual household water damage costs up to $20 billion
It’s also worth pointing out that, overall, the cost of water damage claims has substantially increased in recent years:
- Water damage claims over $500k have doubled since 2015
- Claims over $1 million have tripled in the same time frame
Not all water damage is that severe, but even a small leak can waste a large amount of water and require expensive repairs:
- Ten percent of homes with leaks waste 90 gallons of water a day (imagine breaking a 90-gallon aquarium in your living room!)
- A leaky faucet can waste 3,000 gallons of water each year
- Annual water wastage from a common household leak is equivalent to 600 showers or 270 loads of laundry
All of that water has to go somewhere, and even one inch of water in a single floor in a small home can cost more than $11,000 in repairs.
Severe Weather on the Rise?
Although the most common causes of water damage to property include mundane things like leaks in roofs or water heater, toilet or other plumbing issues, weather-related damage is still a constant threat, and recent trends suggest severe weather could be becoming more common.
According to climate.gov, 2021 was second only to 2020 for number of weather disasters, including flooding and other severe weather incidents, with a combined cost of $145 billion. If we take a slightly wider look, the total cost of weather disasters in the U.S. in the past five years climbs to a staggering $750 billion.
Ninety-nine percent of U.S. counties were affected by a flooding event between 1996 and 2019, and emergency water damage repairs are often even more expensive than regular repairs.
Certainty in Uncertain Times
If the last few challenging years have shown us anything, it’s that the future is less certain than ever before, and we can’t know what tomorrow will bring or how those changes might affect our businesses or livelihood. Following the COVID-19 pandemic, the demand for recession proof business opportunities has never been higher, and the restoration industry might be just what you’re looking for.
If you are one of the many people searching for recession proof franchises to invest in, look no further than PuroClean, “The Paramedics of Property Damage®.” Now is the perfect time to open your own franchise and provide unmatched professional property damage repair services to your community.
Not Just Water Damage
Of course, PuroClean offers many more restoration services beyond water damage. In addition to water, the threat of fire and smoke damage is constant for homeowners in the U.S., and PuroClean continues to be one of the nation’s most trusted names in property restoration. If you are considering starting your own fire and water damage restoration franchise, PuroClean will have your back every step of the way.
This support begins with the highest level of training in the industry at our company training center, the PuroClean Academy, which features a state-of-the-art Applied Structural Drying (ASD) facility that has been approved by the Institute of Inspection, Cleaning and Restoration Certification. The facility forms the backbone of the practical hands-on training that all PuroClean franchise owners receive, but in addition to the know-how required to do the job, PuroClean will also teach you how to provide restoration services professionally, ethically, and with compassion.
Our Focus is People
Our focus on people is what sets PuroClean apart, and we know that owning your own property restoration franchise is about more than simply earning money – it’s an opportunity to make a real difference in your community and lead a purpose-driven life. Instead of simply running a business, you can provide a valuable resource for people in their time of need.
Regardless of where you are located there are opportunities for you to open the newest PuroClean franchise location and begin making a difference for yourself, your family, your neighbors and your community. Water damage restoration industry statistics show that the demand for these services is constant, so what are you waiting for?