Restoration 1 is a restoration service specializing in water, fire, and mold damage remediation. The franchise offers 24/7 emergency services to restore residential and commercial properties.
Key Insights
- Restoration 1 was established from a foundation of dedicated professionals seeking to standardize and elevate the property damage restoration experience, growing from its origins to a recognized national brand. The business addresses the critical need for reliable and efficient recovery services following unforeseen events like water damage, fire, and mold growth.
- The franchise model operates on a network of local service providers committed to restoring homes and businesses with a focus on speed and thoroughness. Customers benefit from a consistent and professional approach to disaster recovery, ensuring a streamlined process from initial assessment to complete remediation.
- Operating within the property restoration industry, Restoration 1 serves a market driven by unpredictable events that require specialized knowledge and equipment. The demand for these essential services remains constant, providing a consistent opportunity for businesses focused on rebuilding and repairing properties after damage.
Franchise Fee and Costs to Open
Exploring the financial picture of Restoration 1 gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $126,525 - $309,500, along with a franchise fee of $59,900 - $64,400.
Financial Performance and Revenue
Yearly gross sales of $645,255 and estimated earnings of $77,431 - $96,789 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.0-5.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Restoration 1 provides a comprehensive initial training program for new franchisees. This program, lasting two weeks, takes place at the Restoration 1 corporate office. The curriculum covers essential operational procedures and business management strategies. Restoration 1 also offers ongoing support and resources to aid franchisees in their journey.
Legal Considerations
Legal considerations for a Restoration 1 franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
New franchisees might navigate a competitive local market for water and fire damage restoration services. Managing job scheduling, technician availability, and equipment maintenance presents operational complexity. Securing consistent and timely access to specialized restoration supplies from a defined supply chain is another consideration.
Franchise Datasheet
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