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What Is Property Damage? The Evergreen Restoration Industry

PuroClean worker on a job

Every day, everywhere in the world, accidents happen. It doesn’t matter what’s happening with the economy or if the timing is convenient — someone, somewhere, is always dealing with a nerve-racking situation on their property. It could be smoke damage from a fire, water damage from flood waters seeping into a basement or, in extreme cases, mold or another biohazard that’s been uncovered and needs to be cleaned up thoroughly and professionally. 

If you’ve wondered to yourself, “What is property damage and what are the best ways to clean it up?” then you might be a great fit to own a franchise in the restoration industry! At PuroClean, we pride ourselves on providing quality water damage remediation, fire and smoke damage remediation, mold removal and biohazard cleanup to commercial and residential customers in communities across North America. You don’t need any experience in restoration to get started — we’ll provide all the training and support you need! That’s why we believe PuroClean is one of the best property damage restoration franchises to invest your money and effort in! 

Why Invest in a Restoration Franchise?  

One of the biggest ticks in favor of owning your own PuroClean restoration business is the fact that it’s a recession resistant franchise. Accidents that result in residential or commercial property damage can happen in the blink of an eye, no matter the time of year or what else is going on in the world. They could be weather-related or they could be the result of faulty appliances or failing infrastructure. And when these accidents happen, property owners want to get things back to normal as soon as possible. 

This is where PuroClean comes in. Our fire and flood restoration Franchise Owners are always ready to help their fellow community members in their times of need. We’re driven to provide an unmatched service experience quickly, professionally, ethically and with compassion. This restores peace of mind for property owners, which is worth its weight in gold. 

At PuroClean, our Franchise Owners are always prepared to help thanks to the extensive training they receive. Before they even open the doors of their storm damage restoration company, PuroClean Franchise Owners get two weeks of intensive training at our PuroClean Academy in Tamarac, Florida. The Academy is home to one of only 27 Applied Structural Drying facilities in the world and is approved by the Institute of Inspection, Cleaning and Restoration Certification (IICRC). Once their doors are open, our Franchise Owners continue to learn through online courses and can reach out to other Franchise Owners for support. 

How Big Is the Restoration Industry? 

The restoration industry is much bigger than most people realize. According to recent studies: 

  • About 500,000 structural fires occur every year in the U.S., with about 70% of those affecting residential properties. 
  • As many as 14,000 U.S. consumers are involved in water damage emergencies at their residence or business each day. 
  • Nearly 4.2 million U.S. homes — representing a total property value of $1.1 trillion — are at risk of damage from hurricane storm surge flooding. 

Because of these factors, estimates peg the total worth of the restoration sector at $210 billion. But that number is expected to increase in the coming years due to increases in the severity and frequency of extreme weather events. An analysis of restoration industry trends finds that water damage restoration was expected to grow 6.8% per year between 2020 and 2025; water damage alone accounts for more than 40% of the restoration market. 

When you factor in an increased risk of wildfires in California, more tornadoes touching down in the Midwest and bigger, more destructive tropical storms and hurricanes stretching from Florida all the way up the East Coast, it means that property restoration services will continue to be in high demand well into the future. 

If you’re ready to get answers to questions including “What is property damage?” and find out more about how to become an owner operator of your own PuroClean franchise, you can get started by downloading a FREE franchise kit today!