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Franchise Snapshot

FINANCIAL INVESTMENT
Startup: $84,000 - $183,000
Cash Required: $50,000
Net Worth Required: $200,000

COMPANY STATS
Year Founded: 1998
Franchising Since: 2002
Total Locations: 69
Total Franchisees: 66

AREAS FRANCHISING
-Canada
- The following US states: AK, AL, AR, AZ, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Franchise Q&A

Commonly asked questions and answers about this franchise opportunity.

Q: Why 1-800-WATER DAMAGE™ ?

  • 1-800-Water Damage is the most recognizable brand in the restoration market. Our name is our number and web site domain name.
  • We initially push new franchise partners to focus specifically on the high margin restoration segments of water damage and mold.
  • Water damage is an equipment intensive business; not a labor intensive business. So you are making money while you are on the job site, or not. Water damage work leads to mold work and vice versa.
  • This is truly a recession resistant business that is simple both to operate and to expand at a far lower cost, than most other opportunities.
  • Quick ramp up time. Most franchise partners are up and operational 60-90 days after training.
  • A large truly protected territory of 250K+ population is an important part of our franchise profile. This allows for franchisees to reach many lifestyle goals with a single franchise territory.

Q: What are some key characteristics that contribute to franchise success?

  • Desire to be in business for yourself and to succeed.
  • No previous industry experience is necessary. However, previous business ownership, management or sales experience is a plus.
  • Good communication and relationship building skills.
  • A positive, optimist attitude with lots of energy.
  • Reasonable level of computer literacy
  • (Internet, email, Word, PowerPoint, Excel, QuickBooks).
  • Social/ family support for the investment decision.
  • Required amount of capital and financial stability.
  • Willingness to follow systems and procedures.

Q: How much will this cost to get started?

  • Initial investment starts at low of $90K high $180K. The initial investment varies most by:
    • Cost to purchase territory (250K population $30Kversus 500K population $55K).
    • Equipment and supplies (250K population $35K versus 500K population $66K).
  • Liquid capital required by franchisee is approximately 50% of initial investment ($50K-$90K).
  • Third-party financing options are available. We are on the SBA preferred list.
  • VET FRAN discount of 10% available to qualified candidates.

Q: What type of support is provided?

  • Initial 10 day training program (technical and business)
  • Detailed Operations Manual
  • Internet Back Office
  • 2-3 day on location training/ mentoring
  • Professional branding, marketing resources and programs
  • Live monthly webinars, library of past webinars
  • Marketing Coach program for new franchisees
  • Franchise Advisory Council initiatives
  • Annual franchise conference

Q: What type of office/warehouse space is required?

A: Our services are provided on-site where the property damage occurs. You may start home-based, but we encourage franchise partners to lease light industrial office/warehouse space (1000-1500 sqft) within a year or two.

Q: When can I get started?

A: Right away! 1-800-Water Damage has training sessions scheduled every 8-12 weeks. Ask a franchise development representative about the next scheduled training session.

Top Franchises> 1-800 Water Damage

1-800 Water Damage

Ranking #38 in Midsize Systems

Overview

1-800-WATER DAMAGE™ is a low overhead, recession resistant, and simple to operate restoration franchise with a focus on the high margin segments of water damage and mold. When water damage occurs, we use modern technology and equipment to dry customers' homes or businesses in just a matter of days. The majority of jobs we perform are emergency service and most often are paid for by the insurance industry. Insurance companies like working with 1-800-Water Damage, a certified Cleaning Trust firm, because we dry out water damage with less demolition and inconvenience to the customer. And, when water/moisture isn't dealt with in a timely manner, then we do mold remediation to save the day.

When Do People Call 1-800 WATER DAMAGE?

1-800 WATER DAMAGE is the number to call whenever a house, apartment complex, condo, hotel or office building has any type of wet mess. All sorts of every day problems create a water damage emergency—frozen or broken pipes spew water everywhere; washer or dish washer pumps water to the wrong place; water heater breaks; water supply lines to refrigerator or other appliances fail; toilet overflows; septic tank back fills; ceiling sprinkler system activates; water floods in from an outside source; and countless other incidents where the number to call is 1-800 WATER DAMAGE. In fact, a huge proportion of insurance claims involve water damage!

1-800-WATER DAMAGE Franchise Highlights

  • $6 Billion Recession Resistant Industry
  • Home-Based or Light Industrial Office/Warehouse
  • LARGE Exclusive Territory Starting at 250K Population
  • No Industry Experience Necessary
  • Two Weeks of Comprehensive Training
  • 1-800-WATER DAMAGE Branded Phone Number, Web Site and Professional Marketing Materials
  • Few Employees to Manage
  • No Expensive Leasehold Improvements
  • Low Monthly Overhead
  • Unique B2B Marketing Program
  • Median Price per Job $3,000
  • Franchise Fee Starting at $29,500
  • Third-Party Financing & Leasing Programs

Live Webinars Every Wednesday 4:30pm PST/ 7:30PM EST

Learn more about the restoration industry and the 1-800 WATER DAMAGE franchise opportunity by tuning into our live weekly webinar. We’ll provide more detailed information and the most frequently asked questions in as little as 40 minutes. Find out why so many people are so excited about water damage and mold!

“If you do what you have always done, you will get what you have always got. If you don’t like what you are getting, you must change what you are doing.”
-Tony Robbins

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I meet the following requirements:
  • I have $50,000+ in liquid cash available to invest in the right franchise business.
  • My family supports my decision to invest in a franchise business.
  • I recognize that 1-800-Water Damage requires that someone in the ownership group is actively involved in running the franchise business and must have good communication/ relationship building skills.