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1-800 WATER DAMAGE
Franchise Profile
Total Investment: $173,000 - $263,000
Minimum Net Worth: $150,000
Franchise Fee: $59,000
Established: 2005
For priority consideration please contact us
More About This Franchise
Single $173,000 (Fran Fee - $59K, Vehicle & Equipment - $106K) 350,000 pop.
Super-Pack $271,000 (Fran Fee - $157K, Vehicle & Equipment - $114K) 1,000,000 pop.
Business Description: 1-800 WATER DAMAGE (Owned by BELFOR - World's Largest Property Restoration Company). Services include – (Water, Fire, Mold Remediation, Carpet Cleaning and Bio-hazard cleanupsfor Residential and Commercial Clients). 1-800 Water Damage is a Traditional Model Franchise
Single (350,000 pop.) or Super-Pack (1,000,000 pop.) Territories.
KEY DIFFERENCES FROM OTHER RESTORATION FRANCHISES:
Overflow Referral Work from Offices of Parent Company - BELFOR
Major Natural Disaster (Hurricane, etc.) Referral Opportunities
Most Major Insurance Company & Third Party Administrator (TPA's) Vendor Lists
Best Initial Training & Ongoing Support Team in the Restoration Industry
Employment Agency for Labor Pool (Temp Employees and Full Time Techs)
Over 400 Major Market Territories Still Available
Largest Territories in our Service industry Space (350,000 population)
Services cannot be "Outsourced to China" or "Dropped on your Doorstep" by Amazon
Large Majority of Work Paid by Insurance
Financing Options:
PLAN A: (BELFOR Franchise Group Financing)
We can finance up to $29,500 - 50% of the Franchise Fee. We can also finance $65,000 Vehicle (They will put $10,000 down)
Candidate will need to pay $39,000 for the Equipment.
Candidate will need at least $80,000 down payment to get started.
PLAN B: (Preferred Lender Financing) (150% of Needed Funds)
$150,000 Unsecured SBA – (10 Year Loan)
$100,000 Loan for Vehicle and Equipment (6 Year Loan)