1-800-Water Damage

1-800-Water Damage

Not Ranked

Initial Investment

LOW: $105,200
HIGH: $141,250

Change in Units

Promoted Opportunities

Company Profile

Founded

1988

Franchising Since

2002 (14 Years)

Corporate Address

1167 Mercer St. Seattle, WA 98109

CEO

Lisa Bongi

About 1-800-Water Damage

1-800-Water Damage franchisees offer 24-hour emergency water damage restoration services including water extraction, sewage cleanup, drying, dehumidification, odor control, disinfecting, carpet cleaning, debris removal and mold remediation. The Seattle-based company was started in 1988, and began franchising in 2002, originally under the name Cure Water Damage.

Financials

Financial Requirements

Initial Investment

$105,200 - $141,250

Net-worth Requirement

$200,000

Liquid Cash Requirement

$50,000

Ongoing Fees

Initial Franchise Fee

$40,000 - $55,000

Ongoing Royalty Fee

5-10%

Ad Royalty Fee

1%

Financing Options

1-800-Water Damage has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment

Veteran Incentives


10% off franchise fee

Franchise 500® Rank History

Highest Rank: 231

Lowest Rank: 312

  • 2006 - 234
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training at headquarters: 2 weeks

Additional Training: Training videos, webinars, seminars

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Internet

Marketing Support
Ad Slicks

Absentee Ownership Allowed

Number of employees required to run: 2

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 24th, 2012

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