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911 Restoration was founded in 2012 and specializes in mold inspection, water damage restoration, fire and sewage cleanup and more at its 220-plus locations. The brand climbed an impressive 60 rankings on the Franchise Times Top 400 to No. 298.
As the world experiences more fires, floods and natural disasters—a side effect of a changing climate—people are in need of disaster restoration services more than ever, so it’s no wonder companies in that category benefit. Plus, most if not all disaster restoration franchises were deemed “essential” during pandemic shutdowns, which helped the segment add more than $200 million in sales in 2020 to finish the year at $4.6 billion, an increase of 6.2 percent.
Source: Disaster Gains: 911 Restoration, PuroClean Take the Lead
To help you find the best franchise opportunities, Seek Capital assembled a list of the top low-cost franchises. This list was generated based on several criteria. Factors include the minimum franchise fee, minimum initial investment, minimum net worth requirement and one-year and three-year change in the number of franchise units or establishments.
Other considerations include ongoing royalty fees and liquid cash requirements. To make the list, franchises had to have no negative one-year growth in number of units. Franchise data was sourced from Entrepreneur Franchise Hub and individual franchise websites when data was available.
Source: Read on to find out the best low-cost franchises and franchise opportunities to own and operate.
Franchise.com promotes four fantastic restoration companies who help families and companies recover their losses from water and fire damage and help them get back on their feet:
Typically, the cash required to start one of these franchises ranges from $30,000 – $75,000 and includes these benefits:
Source: Franchise.com “4 Franchisees You Want in An Emergency“
Idan Shpizear is a true “coming to America” success story. Having recognized the growth potential of the restoration industry in 2007, he and friend Peleg Lindenberg decided to start 911 Restoration with little more than $3,500 and a Volvo for an office. Success was not easy in the early days, and especially in the depths of the great recession, but through perseverance, ingenuity and good business sense the company grew and began franchising with branches all major cities around the country and Canada.
Source: My Entrepreneur Magazine “Restoration expert Idan Shpizear joins My Entrepreneur Magazine”