Editor’s Note: This article was kindly shared with us by Ben Gergis, Vice President of Operations for the restoration division of Authority Brands and co-founder of DRYmedic Restoration. Ben’s extensive background in construction and retail investments helped him generate a strong formula for success, which he has applied to the growth and development of his current endeavors. His commitment to excellence and dedication to service continue to drive the success of DRYmedic Restoration.
U.S. homeowners are facing increasingly unpredictable seasonal weather, resulting in home and property damage nationwide. Most homes experiencing this damage are aging, which means their infrastructure may struggle to withstand seasonal weather changes and make repairs more expensive than ever. As spring transitions into summer – a period marked by an uptick in tornadoes, extreme heat, and flooding – there is a growing demand for reliable restoration and remediation services. This need presents investment opportunities for aspiring entrepreneurs and seasoned franchise owners alike who are looking for new business ventures.
Outlook on the Home Restoration Industry
Whether it is winter weather causing pipes to burst due to stress fractures, heavy spring rainfall causing water pump failures or flooding, improperly disposed fireworks causing smoke or fire damage in the summer, or tree roots penetrating old piping resulting in sewage problems… millions of American homeowners rely on restoration services to repair their homes year-round. According to the National Association of Home Builders, around 60% of owner-occupied homes were built before 1980, with around 35% built before 1970. That means most American homeowners are navigating seasonal events in homes built over 40 years ago. With aging infrastructure adding to these issues, the demand for skilled restoration professionals is soaring.
Older homes often require more extensive repairs, which explains why restoration companies nationwide are experiencing a surge in calls regarding client home damages. As demand increases, so does the need for reliable and modern services. While there is a unique opportunity for entrepreneurs to invest in the restoration industry, it is important to also look at the bigger picture when starting or joining a remediation business. Restoration companies need to be able to navigate home damage that was previously not as common, like torrential rainfall causing flooding and high winds tearing off roofs. Tornadoes and seasonal storms, while relatively common in the south, are becoming more frequent and more powerful.
This is especially evident in areas across Texas, Oklahoma, Arkansas and Kansas. All in all, the damage brought by these seasonal weather changes can be devastating – so homeowners are turning to restoration experts in times when they need them most. Issues like ground shifts, stress fractures in pipes, and outdated electrical systems are also expected to become more common topics of service calls. Plus, old piping and other key utilities in the home can handle stress only so many times without the underlying problems being addressed.
How Can Restoration Companies Help?
As a result of these damages, many homeowners are often left feeling overwhelmed and uncertain about what steps to take next. As a restoration expert, it is important to understand that every situation is unique and to approach each remediation project with compassion, empathy, and professionalism. Having the ability to respond swiftly and effectively to emergencies year-round is imperative.
Restoration teams must be trained and equipped to handle a wide range of scenarios, from fire and water damage restoration to mold remediation and a slew of other property damage services. Moreover, commitments to innovation and customer satisfaction can set a restoration company apart in this crowded industry.
Among other functions of modern technology, utilizing software to capture real-time data and streamline operations can be beneficial in providing top-tier services. These state-of-the-art tools and techniques help restoration companies deliver faster, more accurate results, ultimately saving time and reducing costs for homeowners. This technological edge not only enhances operational efficiency but also builds trust and loyalty among customers, which is crucial for long-term success.
Why Invest in a Restoration Franchise?
For entrepreneurs looking to diversify their portfolios and capitalize on the growing demand for restoration services, investing in a restoration franchise can be a smart business decision. Unlike many industries that are subject to economic fluctuations, the need for restoration services remains consistent (and is currently at an all-time high), offering a reliable source of revenue regardless of market conditions. Furthermore, as seasonal weather continues to batter homes more frequently, the demand for skilled restoration professionals will only continue to rise in an industry already valued at $200 billion.
By aligning with a trusted restoration brand like DRYmedic Restoration Services, franchise owners gain access to a proven business model, comprehensive training, ongoing support, and a network of like-minded professionals – all of which are essential ingredients for success in the restoration industry. Investing in a restoration franchise offers the benefits of brand recognition and a tried-and-true operational framework, which significantly reduces the risks associated with starting a business from scratch, especially in a field where your reputation with service during a critical time for clients is key.
Operating a franchise, especially one under the umbrella of a leading home-service franchisor like Authority Brands, provides entrepreneurs with hiring and recruiting resources that make it easier to build out a team. This can help business owners stay one step ahead, as many home trades services continue to grapple with a shortage of workers, including restoration.
Now is the time to capitalize on the booming restoration industry. As homes continue to age and unpredictable seasonal weather patterns become more common, homeowners are looking for cost-effective solutions to navigate the aftermath of damages. With the potential for high demand for services year-round, especially in the spring and summer seasons, it is an ideal time for business owners to consider investing in a restoration franchise. There is no corner of the U.S. that is unaffected by this new era of seasonal weather, meaning the restoration industry presents viable opportunities for growth wherever you choose to invest.
Is a Restoration Franchise Right for YOU?
Finding the right franchise to own is an incredibly individualized and personalized process. What is right for one person might be totally wrong for the next – so it is important to explore your options and conduct thorough research as you consider becoming a franchise owner. While the process might sound overwhelming, it does not have to be! At FranCoach, we are here to help!
FranCoach is a national search firm dedicated to working with individuals who are interested in owning a franchise. We have partnered with over 600 of the top franchisors in the country, spanning nearly 70 industries.
When we work with clients, our number one goal is to help them find the absolute best franchise for them to own. If you are looking to start a business, build a lasting legacy, make an impact in your community, and be your own boss, franchise ownership might just be the ideal path for you.
Reach out to us to learn more about becoming a franchise owner. There is never any fee for our service, so why not take the first step today toward your better tomorrow?
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