A new segment in the cleaning industry, the restoration business has witnessed massive growth in recent years, especially in the USA. Global climate changes have instigated a whole lot of weather disasters and the tendency unfortunately persists. Indeed, severe weather events are on the rise.
Hurricanes, superstorms, floods, wildfires, and tornadoes all affect American homeowners and business premises, as do more day-to-day disasters and deterioration over time. According to reports, Americans spent $353 billion on home repairs and remodeling in the first quarter of 2021, and this was mostly caused by severe weather.
This has more or less created a massive void for willing entrepreneurs who are eager to help people recover in difficult times or ensure that older buildings remain in sustainable condition. In the United States alone, there are numerous restoration franchises available to consider.
A good number of them specialize in property damage, while the others offer water and fire recovering services. Aside from carrying out activities like mold removal, drying, and dehumidification for residential properties, a good number of these businesses also provide commercial work.
Reports have it that around 77% of restoration businesses work on residential properties, and a further 6% has an even split. If you want to go the franchise route, you must aim for a franchise that offers a proven business model, a well-designed training program, a vibrant marketing strategy, the support of a franchisor, and a reputable brand name.
Best Fire and Water Damage Restoration Franchises and Their Cost
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Paul Davis Restoration
Paul Davis Restoration provides clean-up services to residential and commercial properties due to water, fire, mold, storm, or other disasters. Established in 1966 and based in Jacksonville, Paul Davis Restoration owns and operates around 192 franchises in the United States and 45 outside the country.
Cost
- Initial investments: $215,390 – $449,700
- Net-worth Requirement: $300,000
- Liquid Cash Requirement: $250,000
- Initial Franchise Fee: $85,000
- Ongoing Royalty Fee: 4%
- Ad Royalty Fee: $125+/mo.
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PureOne
This company offers everything from emergency restoration services for damages caused by water and fire, to biohazard and hoarding cleanup, crime scene cleaning, and mold remediation. They may even offer to buy the property if their customers are eager for a quick sale.
Cost
- Initial Franchise Fee: $38,000 – $48,000
- Total Investment: $85,300 to $139,300
- Working Capital: $15,000 to $25,000
- Royalty Fee: 7.0%
- Advertising fee: 3% as well.
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911 Restoration
911 Restoration is renowned as one of the leading restoration companies in the world. The company offers nationwide, 24/7, emergency response service for water damage restoration, mold remediation, and fire damage restoration. Established in 2003, 911 Restoration has around 176 franchises in the United States and 3 outside the country.
Cost
- Initial investments: $70,100 – $226,900
- Net-worth Requirement: $150,000
- Liquid Cash Requirement: $25,000
- Initial Franchise Fee: $29,000 – $49,000
- Ongoing Royalty Fee: 3 – 10%
- Ad Royalty Fee: 2%
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Service Team of Professionals (STOP)
In recent times, this company had witnessed tremendous growth and is well-positioned to keep growing. Noted as one of the fastest-growing restoration companies, STOP specializes in the residential and commercial restoration of buildings and their contents due to damage from fire, smoke, water, mold, normal wear and tear, and other causes.
Cost
- Franchise Fee: $48,000
- Total Initial Investment: $84,700 – $145,500
- Ongoing Royalty Fee: 9%
- Ad Fees: 2%
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Restoration 1
With over a hundred locations open or in development, Restoration 1 is well-positioned to become the leading brand in the $352 billion restoration services industry. Note that this franchise is a low-cost opportunity with a proven, recession-resistant business model that is very easy to grasp and convenient to manage.
Cost
- Initial investment: $87,000 – $195,625
- Franchise Fee: $54,900 – $59,275
- Royalty Fees: 7%
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AdvantaClean
While a good number of its competitors are focusing on emergencies, AdvantaClean comes with a different model; designed to produce regular, scheduled work and sustainability, delivering not only water damage and clean up services required by almost every home in America, but also moisture control services, air duct, and coil cleaning, sanitizing services, radon removal, fire & smoke damage and clean up services.
Cost
- Initial investment: $166,180 – $260,100
- Franchise Fee: $19,950
- Royalty Fees: 5-9%
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PuroClean
This company is a top choice to consider as they offer everything from repairs to damages caused by water, fire, smoke, and mold, to biohazard cleanup, cleaning services, reconstruction, and much more. PuroClean has become a property restoration provider of choice for insurance professionals and property owners, having the highest customer satisfaction ratings in a B2B recession-proof industry.
Cost
- Initial investment: $72,732 – $190,582
- Franchise Fee: $50,000
- Royalty Fees: 3% – 10%
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Rainbow International Restoration
Franchisees with this company provide a vast range of damage restoration services from around the globe. Established in 1981, the number of outlets has grown from 198 in 2009 to 410 (up from 419 previously reported), of which none are owned by the company and 116 are located outside the United States.
Cost
- Initial investment: $193,670 – $287,295
- Franchise Fee: $40,000
- Royalty Fees: 2% – 8%
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1-800 Water Damage
This company and its franchisees strive to help home and business owners safely return to professionally restored homes and properties. When you invest 1-800 WATER DAMAGE; you’re also getting into business with a well-rounded company that has industry-leading resources and expertise to support you every step of the way. They are also very committed to helping you learn, grow, and thrive as a business owner.
Cost
- Initial investment: $57,610 – $191,990
- Franchise Fee: $24,000 – $59,000
- Royalty Fees: 8-10%
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Best Option Restoration
From mold and sewage remediation, to fire damage restoration or debris removal, Best Option Restoration and its franchises help clients’ property look and feel like home again. The company caters to the needs of those who are dealing with the after-effects of a disaster. They have an experienced team that always makes sure that every home is left as it was before the incident.
Cost
- Initial investment: $119,920 – $165,970
- Franchise Fee: $39,000
- Royalty Fees: 7%
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RYTECH
This is a well-known family-owned business that offers water damage and mold removal. Note that anyone looking to invest with this franchise will have to be direct, dedicated, and passionate about strategically serving customers and ensuring that their business is running at the best possible level.
Rytech also makes available the software and training necessary to manage your business and offers the benefits of a full turnkey customer service program with billing and payment organization, accounting, and payroll services.
Cost
- Initial investment: $135,330 – $170,760
- Franchise Fee: $39,000
- Royalty Fees: 8%
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SERVPRO
With over 1,700 Franchises nationwide in the U.S. and now quickly spreading into Canada, this is one of the top franchise opportunities to consider. Note that Servpro has developed the brand, system, and support to ensure that you can easily take control of your future and build the business of your dreams. You gain from a proven track record while being in business for yourself, but not by yourself.
Cost
- Initial investment: $167,575 – $221,450
- Franchise Fee: $60,000
- Royalty Fees: 3% – 10%
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United Water Restoration Group
They are a full-service restoration company that takes care of construction, repair, and remediation services for damage to properties caused by water, flood, fire, storm, mold, and sewage. Supported by comprehensive training and support, franchisees expertly offer quick professional service and they are a chosen property restoration provider nationwide.
Cost
- Initial Franchise Fee: $49,000 – $210,000
- Initial Investment: $122,184 – $508,254
- Net Worth Requirement: $1,500,000
- Cash Requirement: $50,000 – $75,000
- Veteran Incentives: 15% off franchise fee
- Royalty Fee: 6%
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Green Restoration
They boast of always providing innovative solutions for safe cleaning and restoration. Note that this company is set up for some amazing growth and they offer discounts for additional units. With a dedicated team, they also provide the best support and training for their franchisees to ensure they get the help they need when they need it.
Cost
- Initial investment: $30,000 – $275,250
- Franchise Fee: $15,000 – $35,000
- Royalty Fees: 9%
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Disaster Kleenup International (DKI)
Note that this company is regarded as one of the largest property restoration businesses in North America with nearly a half-century of experience.
They strive each day to offer solutions for quick recovery when disaster strikes their clients. Owing to being one of the well-noted disaster restoration organizations in North America, this is a top choice to consider in your quest for a suitable fire and water damage restoration company.
Cost
- Initial investment: $22,145 – $94,750
- Franchise Fee: $20,000 – $50,000
- Royalty Fees: $625-$2,100 per month
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Steamatic
This company started with a partnership of two progressive Fort Worth, Texas, businessmen, Bill Blackmon and Scott Moring. Over the years, they have produced purification formulas, solutions, and a patented hot water recirculation method. In 1974, their Lambrite dry cleaning machine received a US patent; later the LAMBRITE® cleaning process was patented.
Cost
- Initial investment: $114,411 – $195,561
- Franchise Fee: $50,000
- Royalty Fees: 2% – 8%
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COIT Cleaning & Restoration Services (COIT)
With over 70 years of experience in specialized cleaning and restorations and a strong franchise system that includes a well-recognized brand image, result-oriented marketing campaigns, a reliable stream of income, and an efficient support system, this is indeed one of the top restoration franchises to consider. The company even recently started offering maintenance services for wood and stone floors, tiles, and countertops.
Cost
- Initial investment: $39,750 – $164,350
- Franchise Fee: $24,000 – $40,000
- Royalty Fees: 6%
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Servicemaster Clean/Servicemaster Restore
Have it in mind that this company provides residential and commercial services. According to the company website, their core services include termite and pest control, home warranties, disaster response and restoration, janitorial service, professional home cleaning, furniture repair, and home inspections.
Cost
- Initial investment: $76,500 – $274,500
- Franchise Fee: $31,500 – $69,500
- Royalty Fees: 4% – 10%
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DURACLEAN
This company is noted as an expert in fabrics, professional care, cleaning of carpets and upholstery, cleaning of tiles and mortar, and repairing water damage, in residential and commercial service centers. Currently, Duraclean also offers drapery cleaning, ceiling cleaning, fire and water damage repair, deodorization, fabric protection, and cleaning services.
Cost
- Initial investment: $81,600 – $131,900
- Franchise Fee: $24,500
- Royalty Fees: 2% – 8%
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VetCor Restoration
This company is well noted in the Industry for solving water and mold damage problems, and also providing other vital services, in commercial and residential properties, primarily staffed by veterans of the U.S. military. Currently, they are offering franchise opportunities to veterans and their immediate family members and those who share similar values.
Cost
- Liquid Capital Required:$50,000
- Net Worth Required:$100,000
- Total Investment:$133,000 – $188,000
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The Hood Guy
Note that this company provides commercial hood exhaust cleaning services to restaurants and other retail food service establishments. Owing to over 86 years of combined management experience, they boast of a successful business model coupled with an industry-rated financing program.
The franchise available is primarily for the operation of commercial kitchen exhaust system cleaning, inspection, maintenance, and restoration business.
Cost
- Franchise Fee: $15,500,
- Total Initial Investment: $56,100 – $67,775.
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Delta Restoration
Established in 2006, this company provides commercial and residential restoration services. Also note that they help to remove odors, eliminate mold plumbing and provide drain cleaning services. Delta Restoration Services also offers franchise opportunities, and currently, the company operates 27 franchises in the United States.
Cost
- Initial Investment: $116,075 – $257,375
- Net-worth Requirement: $100,000
- Liquid Cash Requirement: $60,000
- Initial Franchise Fee: $45,000
- Ongoing Royalty Fee: 5%/7%
- Ad Royalty Fee: to 2%
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Storm Guard
This company offers a wide array of services to help clients, from upgrades to storm restoration, including exterior restoration, roofing, siding, windows, gutters, painting, and emergency tarping services. Established in 2003, the company boasts of at least 35 franchises in the United States.
Cost
- Initial Investment: $169,400 – $295,100
- Net-worth Requirement: $450,000
- Liquid Cash Requirement: $300,000
- Initial Franchise Fee: $49,000 – $100,000
- Ongoing Royalty Fee: 6.25%
- Ad Royalty Fee: 0.75%
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Global Enterprise Disaster Restoration
Well renowned as an industry leader, this company provides convenient and efficient disaster restoration services. With over ten years of experience in the construction industry and a properly put together team of disaster restoration experts, they have everything it takes to return properties that have been damaged by fire, smoke, water, storm, and mold to their original state.
Cost
- Initial Investment: $84,050
- Total Investment: $84,050 – $121,000
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Vital Restoration
This company boasts of having one of the greatest, most skilled, affable, and knowledgeable restoration specialists in the industry. According to the company, extensive training & experience, coupled with extremely advanced equipment is exactly what provides top-notch credibility.
Also, note that they strive to offer all solutions at affordable prices and see to the needs of clients within a crucial urgent response time, 24-hours a day, and 365 days a year.
Cost
- Initial Investment: $50,000
- Liquid Cash Requirement: $50,000
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Redbox+
The company offers one of the best solutions for commercial, industrial, and residential projects. Whether you are in construction, roofing, landscaping, remodeling, or flood and fire restoration redbox+ is suitable for your projects.
Cost
- Initial Investment: $236,100
- Net-worth Requirement: $150,000
- Liquid Cash Requirement: $75,000
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The Dry Boys
Known to help families and businesses surmount the severe setbacks caused by water and mold resulting in property damage, this company will do whatever it takes to respond, restore and bring back properties in all the communities they serve.
Cost
- Initial Investment:$74,000-$116,000
- Initial Franchise Fee:$30,000
- Royalty Fee:7%
- Advertising Fee:2%
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Art Recovery Technologies
Established in 2012, Art Recovery Technologies focuses on Art recovery and restoration services. According to reports, this company has grown to include over 59 (as of 2020) units since they began franchising in 2016. The services they offer include paintings, works on paper, antique and contemporary picture frames, gilded objects, icons, murals, and sculptures.
Cost
- Initial Franchise Fee: $16,000 to $48,000
- Total Investment: $121,000 to $215,500
- Working Capital: $35,000 to $75,000
- Royalty Fee: 7.0%
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Core Group
Popularly regarded as North America’s most elite property damage & restoration service provider, their business model is quite different from every other one in the market today.
They offer independent property restoration contractors the platform to become part of a premier service offering, work with a company that believes in operating with the highest standards of craftsmanship, quality and integrity, and all, without giving up their independence.
Cost
- Initial Franchise Fee: $15,000
- Total Investment: $225,250 to $465,750
- Working Capital: $200,000
- Royalty Fee: 6.0%
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FRSTeam Fabric Restoration
Have it in mind that their service team can restore what nature has damaged. The company makes available a wide array of services including onsite damage assessment, restorability evaluation, odor control and elimination, smoke residue and soot removal, restorative drying and stabilization, restorative cleaning, emergency services, and long-term, secure storage.
Cost
- Liquid capital required: $100,000
- Net worth required: $500,000
- Initial Investment: $32,000 – $380,500
- Franchise fee: $25,000
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Floods4Less
This is a nationwide Full Service Restoration Contractor with corporate headquarters in San Diego, CA, and offices opening nationwide soon. Note that they offer extensive fire, water, smoke, and soot damage restoration, mold remediation, and contents restoration.
Cost
- Initial Investment:$155,111-$238,210
- Initial Franchise Fee:$28,500
- Royalty Fee:8.5%
- Advertising Fee:$200.00 per week or 3.5%
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American Veterans Restoration
This can be a lucrative business, but it sure comes with some initial financial requirements. Note that their experienced leadership team will train you and your team on everything you have to know to successfully establish, operate, and grow your American Veterans Restoration franchise. Every franchisee is expected to be IICRC certified.
Cost
- Initial Franchise Fee: $42,000
- Initial Investment: $80,300 – $151,850
- Net Worth Requirement: $75,000
- Cash Requirement: $25,000
- Royalty Fee: 7%
- Ad Royalty Fee: 1%
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Restore 24-7
Note that this company works closely with insurance companies, property management companies, property owners, and REITs. The services they offer include emergency service, complete restoration (fire, water, and storm damage), preventive maintenance, mold remediation, demolition abatement, remodels, tenant improvements, project management, and capital improvement.
Cost
- Initial Franchise Fee: $25,000
- Initial Investment: $114,750 – $365,750
- Net Worth Requirement: $300,000
- Cash Requirement: $50,000
- Veteran Incentives: 10% off franchise fee
- Royalty Fee: 12%
- Ad Royalty Fee: 0.5%
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SoCom Restoration
With this company, every water, mold, fire, smoke, or bio-hazard disaster offers you a chance to reach out and help a neighbor, while building a lucrative business for yourself. As a franchisee, you will offer genuine disaster relief to the people of your community and also grow your SoCom Restoration business into a worthwhile venture.
Cost
- Initial Franchise Fee: $15,000
- Initial Investment: $61,350 – $179,150
- Net Worth Requirement: $50,000
- Cash Requirement: $50,000
- Royalty Fee: 8%
- Ad Royalty Fee: 1%
- Term of Agreement: 5 years
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DryPatrol
Well noted as fire damage, mold removal, and water remediation company in the Cincinnati and Dayton area, the company boasts of teams that bring only top quality to every job they carry out and will never cut a single corner. Their well-oiled network includes insurance agents, adjusters, plumbing companies, and other professional services that provide referrals.
Cost
- Initial Franchise Fee: $35,000 – $45,000
- Initial Investment: $78,800 – $165,150
- Net Worth Requirement: $100,000
- Cash Requirement: $75,000
- Veteran Incentives: 10% off franchise fee
- Royalty Fee: 10%
- Ad Royalty Fee: 2%
Truth be told, the fire and water damage restoration business is filled to the brim with strong franchised elements, with around 32% of businesses managed as franchises. To succeed in this business, your clients will need to trust your ability to restore their homes.