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Promoted Opportunities
Initial Investment
LOW: $79,000
HIGH:
Change in Units
Company Profile
Founded
1988
Franchising Since
2002 (15 Years)
Corporate Address
731 Fairfield Ct. Ann Arbor, MI 48108
CEO
Rusty Amarante
Parent Company
Belfor Franchise Group
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
$79,000
Net-worth Requirement
$200,000
Liquid Cash Requirement
$100,000
Ongoing Fees
Initial Franchise Fee
$79,000 - $79,000
Ongoing Royalty Fee
7-11%
Ad Royalty Fee
1-2%
Financing Options
Veteran Incentives
$5,000 off franchise fee
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
Operations & Franchisor Support
Training Onsite: varies (online)
Training at headquarters: 17 days
Additional Training: Training videos, webinars, seminars
Ongoing Support
Newsletter
Meetings
Toll-Free Line
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
National Media
Absentee Ownership Allowed
Number of employees required to run: 1
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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: June 22nd, 2017
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