1-800 Water Damage logo

1-800 Water Damage

Property restoration
Investment
$220,803
Initial Franchise Fee
$59,000
Units
179
Growth Rate
+4.1%

Overview

Industry
Maintenance
Founded
1988
Franchising Since
2002
Parent Company
Belfor Franchise Group
Leadership
Tim Fagan, President
# of Employees at HQ
45

Units and Growth Chart

About 1-800 Water Damage

1-800 Water Damage is a unique restoration company that performs a variety of services. These include emergency mitigation, water damage restoration, carpet cleaning, fire and smoke damage restoration, sewage cleanup, and mold remediation. The company's mission is to help people return their property to its original state. It also provides solutions to bring safety and security back to your home.

Tim Fagan, the current president of the company, purchased his father's restoration company upon his father's retirement. Many years later the company was purchased by Belfor, which asked him to remain as president of the newly acquired 1-800 Water Damage. 1-800 Water Damage has expanded to include many locations all over the country. It is one of the fastest-growing restoration companies in the United States. Franchisees put smiles back on the faces of home and property owners affected by disasters.

Why You Should Start an 1-800 Water Damage Franchise

1-800 Water Damage is part of the Belfor Franchise Group, the largest property restoration company in the world. This relationship has improved 1-800 Water Damage's access to resources, so it can now provide better and faster service to clients. 

With Belfor Group's extensive experience in the industry, you don't have to worry about creating an effective franchise system. The company provides extensive coaching to develop business acumen with an emphasis on professional knowledge through their well-rounded approach to training. With corporate support, you will have resources to encourage you not just as you get started, but every step of the way.

What Might Make 1-800 Water Damage Franchise a Good Choice?

As a 1-800 Water Damage franchisee, you'll have exclusive rights to a large territory, and you'll also have access to much larger projects through the company's National Disaster Response Team. Additionally, the company's knowledgeable team is passionate about its services, and this shows in the quality of its work.

In order to be part of the 1-800 Water Damage team, you should make sure you’re financially ready for an initial investment and potential set-up fees. On top of franchise benefits, the restoration industry is typically a durable one. Even during times of economic stress, it continues to develop.

How to Open Your Own 1-800 Water Damage Franchise

To become a 1-800 Water Damage franchise, you’ll need to review a Franchise Disclosure Document, so you can prepare by chatting with an attorney who can help you understand what you’re reading. As part of the onboarding process, the company will usually set up a day for you to meet with the 1-800 Water Damage team. This is a great opportunity for you to see if the company culture is a good fit for you. You can also use this time to ask any questions you have about your potential franchise location. 

Are you ready to dive into your own 1-800 Water Damage franchise? 

Investment Details

Initial Franchise Fee
$59,000
Initial Investment
$220,803 - $321,398
Net Worth Requirement
$300,000
Cash Requirement
$100,000
Royalty Fee
3%-10%
Ad Royalty Fee
2%
Technology Fee
$500/mo.
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
20% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
39 hours
Classroom Training
112.25 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Ranking History

1-800 Water Damage performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where 1-800 Water Damage ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022