
1-800 Water Damage
Restoration- 2021 Franchise 500 Rank
-
#196 Ranked #130 last year
- Initial investment
-
$106K - $212K
- Units as of 2020
-
104 82.5% over 3 years
Company Overview
About 1-800 Water Damage
- Industry
- Maintenance
- Founded
- 1988
- Parent Company
- Belfor Franchise Group
- Leadership
- Tim Fagan, President
Franchising Overview
- Franchising Since
- 2002 (19 years)
- # of employees at HQ
- 40
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 104 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a 1-800 Water Damage franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $59,000 - $84,500
- Initial Investment
- $105,822 - $211,537
- Net Worth Requirement
- $150,000 - $200,000
- Cash Requirement
- $100,000
- Veteran Incentives
- 20% off franchise fee
- Royalty Fee
- 5-10%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- 1-800 Water Damage offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll
- Third Party Financing
- 1-800 Water Damage has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 10 hours
- Classroom Training
- 80 hours
- Additional Training
- Training videos, webinars, seminars
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about 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
- 1
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where 1-800 Water Damage landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where 1-800 Water Damage ranked on other franchise lists? Find out below.
Franchise 500 Ranking
Fastest-Growing Franchises
Top Franchises for Veterans
Top Franchises for Less Than $150,000
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