Posts By: Chris W

Restoration Industry Trends

As natural disasters become more and more of a permanent reality, people’s homes become the subject of destructive forces. With an aging infrastructure, the restoration industry is in full bloom. This article will explore some of the pros and cons of restoration trends. 

Better Industry Standards

When Hurricane Katrina hit in 2005, the southeastern part of the United States incurred never-before-seen levels of destruction, leaving many without homes. As a result, new regulations and standards were developed within the restoration industry to tackle the scope of these disasters better, as mentioned in a Biosque Solutions blog post. These new regulations and standards have increased restoration companies’ overall organization and services while allowing them to better adapt to the increasing frequency of natural disasters that occur worldwide. 

Another outcome of Hurricane Katrina is the reevaluation of the health and safety guidelines of the industry by getting the proper personal protection equipment (PPE).

Overcoming COVID

A global pandemic struck the world in early 2020, and with it, many businesses faced severe impacts from labor shortages, new public health protocols, and supply chain issues. An article from a blog post estimates that, among restoration companies, 66% found it challenging to find workers while 45% had trouble retaining their workforce. This situation has led to a push toward better wages and benefits if these companies intend to stay in business. 

The aftermath hasn’t all been negative. However, the pandemic has accelerated the modernization of the industry and made companies more adaptable to changing circumstances. Companies are becoming more flexible in how they provide their services to avoid becoming exclusively reliant on one source of materials and equipment. 

Innovation in Restoration

Emerging technologies in restoration, such as mold detection methods or 3D scanning cameras, have increased the scope of services offered by restoration businesses. Companies are starting to offer more targeted solutions to customers’ restoration problems. As the portfolio of the services provided increases, the industry’s workforce is increasingly specialized, with new certifications becoming available such as the Institute of Inspection and Restoration Certification mentioned in this Biosque Solutions article. Better training programs are starting to emerge, offering practical learning to businesses and employees, ultimately to better quality services.

Better Customer Service

Restoration companies are starting to embrace the digital age and emphasize the quality of their customers’ experiences. Facing the public’s many newfound concerns over health, restoration companies have begun strengthening their protocol strategies and offering more clarity on the definition of their services, with a refined focus on their marketing and communications outreach. While it is essential to focus on the customer, some companies have also reinforced the importance of culture within their business. A more cohesive workforce will lead to a better quality of service and higher customer satisfaction levels.

The restoration industry has undergone significant changes in the past decades due to a more disaster-prone climate and a global pandemic. Most of the changes have enabled more effective restoration strategies to be available while simultaneously delivering an improved customer experience.

Why a Restoration Franchise Is a Good Investment

Entrepreneurs looking for a profitable business opportunity with a lot of growth potential should consider investing in a restoration franchise. Currently, the restoration industry is worth about $210 billion and is expected to grow even more in the coming years due to the increasing demand for restoration services. This article will discuss five of the top reasons restoration franchises are a wise investment choice. Keep reading to learn more.

What Is a Restoration Franchise?

A restoration franchise is a business that specializes in the repair and renovation of damaged property. This can include anything from water damage to fire and wind damage. Restoration franchises typically have a team of trained and certified technicians equipped to handle any restoration job. There are many reasons why entrepreneurs might want to consider investing in a restoration franchise:

The Industry Is Immune to Economic Downturns

One of the biggest benefits of owning a restoration franchise is that it’s generally immune to economic downturns. No matter how bad the economy gets, there will always be a need for these services. Even during economic hardship, people and businesses continue to fall victim to fire, water, or wind damage. This means that entrepreneurs can feel confident investing in a restoration franchise, knowing that it’ll be profitable no matter the economic conditions.

Restoration Franchises Offer Unique Service

Another benefit of investing in a restoration franchise is that it offers a unique service. Not many businesses can say they specialize in repairing and restoring property damage caused by fire, water, or wind. This makes restoration franchises stand out from other business opportunities and gives them a competitive edge.

Affords Entrepreneurs the Opportunity To Help Others

Entrepreneurs motivated by helping others will find this business rewarding and fulfilling, especially during natural calamities such as storms and flooding. When people’s homes or businesses are damaged, they often need help getting things back to normal. As restoration franchise owners, entrepreneurs in the business would be responsible for providing the services that these people need to get their lives back on track.

There’s Room for Growth

Another major benefit of owning a restoration franchise is that entrepreneurs are tapping into an industry that’s growing rapidly. Increases in natural disasters and other catastrophic events are driving this growth. Additionally, restoration franchises offer a good return on investment (ROI). This means that entrepreneurs can expect to see a healthy profit from their franchise over time.

Training and Support

When entrepreneurs invest in a franchise, they’re typically provided with comprehensive training and support from the franchisor. This can help them get their business up and running quickly and avoid some common pitfalls that new business owners face. It can also give them peace of mind knowing that they have someone to turn to for help if needed.

There are many reasons why investing in a restoration franchise can be a wise choice. Entrepreneurs who think they’ve got what it takes to own and run a Steamatic Franchise should contact Steamatic today to learn more about how they can get started in this exciting industry.  

5 Reasons To Own a Restoration Franchise

For those who want to run their own business, there are many potential benefits to opening up a restoration franchise. Besides offering the potential for growth, profit, and success, this franchising opportunity gives business owners the chance to make a difference in customers’ lives. Read on to learn about five reasons to buy a restoration franchise today.

1. Small Initial Investment

While starting any business will require investment, a restoration franchise can help minimize upfront costs. This is because they allow an owner to begin running their business as soon as possible. Unlike other home improvement businesses, restoration only requires minimal machinery and equipment. In many cases, owners can even leave some of the equipment requirements to subcontractors. An owner can start their business with as little as moisture meters, cleaning products, dehumidifiers, air movers, and a service van.

2. Ongoing Support

One of the benefits of buying a restoration franchise is that an owner receives constant support from the parent company. If they have questions or need support, they always have someone to turn to. This can include legal services, marketing materials, software, machinery, or other business necessities. If owners want to run their own business without the risk of going at it alone, a franchise can be a great choice.

3. Growth Potential

Restoration will always be an in-demand business. Unexpected water damage will always be an issue, and restoration companies will always be in high demand. This has led the restoration business to increase in recent years, as it’s worth about $210 billion and is expected to continue growing. If an owner is looking for an opportunity to provide a service that customers will always need, restoration is a good choice. This demand can lead to growth and profit opportunities as an owner expands their business and strengthens their customer base.

4. Rewarding Work

While restoration can be challenging work, it can greatly impact the lives of customers. Whether helping to restore a family’s home or fix a cherished memory, a restoration franchise owner can rest assured their work is making a difference. In many cases, restoration owners feel as if their hard work and dedication are more than worth it to build a company that makes the world a better place, one client at a time. Owners can check out this detailed description of what restoration companies do for customers to understand the positive effects of their work.

5. An Established Name

When an owner starts a franchise relationship with Steamatic, they’re getting the support and name of a long-standing, American-born institution. Owners can enjoy the benefit of established customer relationships based on years of quality service. While it can require hard work to live up to the Steamatic name, franchise owners enter a network of strong, capable restoration providers. This connection can be more valuable than any monetary resource as an owner begins their restoration business journey.

These are just a few of the many potential benefits of buying a restoration franchise. At Steamatic, we want to help any potential owner start the business journey that’s right for them. Contact us today to learn more about our franchising opportunities.