1-800 Water Damage Franchise
To buy a franchise with 1-800 Water Damage, you'll need to have at least $75,000 in liquid capital and a minimum net worth of $175,000. 1-800 Water Damage charges a franchise fee of $59,000. They also offer a discount for veterans.
Franchisor Details
Total Units: 178
Year Founded: 2015
Franchising Since: 2016
Home Office: Ann Arbor, Michigan
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $75,000
Net Worth Required: $175,000
Total Investment: $224,999 – $300,000
Franchise Fee: $59,000
Royalty Type: 10%
Vetern Discount: Yes
*1-800 Water Damage is currently accepting inquiries from the following locations: California, Illinois, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, Virginia
Values & History
Founded in 2002, 1-800 Water Damage has been franchising since 2005. Now with 33 units in operation, the organization is based out of Ann Arbor, MI. The 1-800 Water Damage mission is built around the concept of "frantegrity," or franchise integrity. Like most corporations, franchises strive to build a lasting, trustworthy relationship with customers in their communities. 1-800 Water Damage delivers on that mission by establishing a commitment to being honest and morally upright in all interactions.
Industry Performance
US homeowners experience more than 50,000 water damage property losses and over $21.5 million in fire damage every day, establishing a strong demand for damage mitigation and property restoration services across the nation. 1-800 Water Damage offers its customers a no-nonsense approach to dealing with disasters of all sorts with clear and honest processes that help them get back to the things that matter most in their lives.
Training & Support
1-800 Water Damage supplies owners and their teams with all the training and certification necessary to quickly and safely restore commercial and residential properties. As an owner, you'll enjoy the peace of mind knowing you have the ongoing corporate support and backing of BELFOR Franchise Group, the largest restoration company in the world. Access to industry-leading techniques, products, and equipment will keep you ahead of the competition, ensuring your business is best equipped to help people through any disaster they may encounter in a safe and timely manner.
Ideal Candidate & Qualifications
Ideal candidates for 1-800 Water Damage ownership are dedicated, hard workers interested in growing the integrity and strength of the business through honest and fair business practices. Our restoration teams help people deal with difficult times, offering owners the opportunity to forge strong and lasting relationships while helping those in their community when they need it most.
Purchasing a 1-800 Water Damage Franchise
Interested parties will need access to at least $75,000 in liquid capital to pursue opportunities with 1-800 Water Damage. The expected total initial investment typically falls between $225k and $300k, with financing opportunities available for qualified investors.
1-800 Water Damage is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
1-800 Water Damage is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.