5/10

Franchimp Summary Rating

2 /10
Higher than 88% of peers

Franchise Summary

Description
We offer qualified individuals the right tooperate abusinessoffering water damagerestoration services, carpet, tile and groutcleaning services, mold remediation, odor removal, fire, smokeand related cleaning and remediation products and services utilizing the 1-800 WATER DAMAGEbusiness system.
Company Background
1-800 Water Damage is the largest water damage restoration franchise in North America. With over 200 franchises, 1-800 Water Damage provides professional and thorough water damage remediation services to both commercial and residential properties. We offer a variety of different packages for any size project, including carpet cleaning, mold removal, fire or smoke cleanup, sewage cleanup, flood protection systems installation/service and more! Our team of specialists are trained in all aspects of water mitigation so you can be sure that your home or business will get back to normal fast!
Franchise Opportunity
Water damage can be a big problem if you don't know how to deal with it. You might not realize this, but water damage is one of the most common reasons homes and businesses have to close down. It causes millions in property damages every year, and many more people are affected by mold or mildew growth from standing water on their floors. 1-800 Water Damage(R) franchises provide fast response time for flood cleanup services, 24/7 emergency service for flooding emergencies, as well as professional carpet cleaning services throughout the United States. We also offer ancillary products like dehumidifiers and air purifiers that help keep your home safe after a flood event has occurred. Our technicians are highly trained in all areas of water restoration including hardwood floor drying so you can trust our team to get the job done right!
Corporate Structure
1 800 WATER DAMAGE International, LLC was formed on April 16, 2015, as a Delaware Limited Liability Company. Their principal business address is 731 Fairfield Court, Ann Arbor, MI 48108. Their parent is Belfor Franchise Group, LLC , a Michigan Limited Liability Company formed on July 3, 2007, a wholly owned subsidiary of Belfor (USA) Group, Inc., a Colorado corporation formed on June 9, 1995, and located at 185 Oakland Ave, Suite 300, Birmingham, Michigan 48009.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Maintenance Services Industry

$584,702 / unit

Franchise Type: Standard

Average Revenue During 2021

$584,702
$63,233
Industry Low
$3,925,854
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of 1-800 Water Damage Franchisees

1-800 Water Damage Franchise System Development in 2022

FAQ

How much investment do I need to start my own 1-800 Water Damage business?
Franchisees typically require at least $210 to $316 investment to get their 1-800 Water Damage business started
What are the initial franchise fees for 1-800 Water Damage?
Franchisees typically need to pay at least $114 in fees directly to 1-800 Water Damage in order to earn the right to launch their business
How much money can I make with a 1-800 Water Damage franchise? What are the average revenues for a typical 1-800 Water Damage business?
We estimate that the average revenue of an individual 1-800 Water Damage unit is approximately $584,702. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a 1-800 Water Damage unit? What is my contractual commitment?
1-800 Water Damage franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

2 /10
The Franchisor's investment costs ranges from $210,903 to $316,398 which is Much Higher than the $0 to $0 average in the Maintenance Services industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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