What Does a Restoration Franchise Cost?
Exploring the Restoration Franchise Cost with BELFOR Franchise Group
Understanding the restoration franchise cost is a vital part of exploring new business opportunities in the home services industry. BELFOR Franchise Group offers various franchise options, each tailored to different business aspirations. We’ll break down the investment needed to join the franchise networks of 1-800 WATER DAMAGE, Blue Kangaroo Packoutz, redbox+ Dumpersters, and The Patch Boys, each offering unique benefits and cost structures.
1-800 WATER DAMAGE
1-800 WATER DAMAGE has established itself as a leader in the restoration industry. This franchise brand offers a proven business model designed to scale and adapt, making it a viable investment for aspiring entrepreneurs. The cost to invest in 1-800 WATER DAMAGE ranges from $210,903 to $316,398. This amount covers essential components, such as equipment, vehicles, and access to a comprehensive training platform.
For those who already own a restoration business and wish to leverage the established 1-800 WATER DAMAGE brand, a conversion option is available, with investments ranging from $71,203 to $294,548. This flexibility helps existing business owners integrate seamlessly into a franchise network renowned for its training and support.
“We never forget that our franchisees leave their careers to pursue the dream of owning a business,” says Tim Fagan, President of 1-800 WATER DAMAGE. “This is why we have one of the best training platforms in the industry and are so committed to giving our franchisees the tools and resources to thrive. By doing so, we’re helping to develop entrepreneurs who provide a service that property owners desperately need.”
1-800 WATER DAMAGE offers financing options through partnerships with third-party lenders. Being part of BELFOR Franchise Group provides franchisees credibility that can facilitate obtaining loans. Additionally, military veterans receive a 20% discount on the initial Franchise Fee as a token of our appreciation for their service and leadership skills.
Blue Kangaroo Packoutz: Specialty Content Restoration
Blue Kangaroo Packoutz is another compelling option within BELFOR Franchise Group’s family of brands, focusing on the restoration of valuable and sentimental property contents after disasters. This service includes handling items ranging from family heirlooms to everyday furnishings, addressing significant homeowner concerns post-disaster.
The franchise cost for a new Blue Kangaroo Packoutz location falls between $241,170 and $518,646. For entrepreneurs aiming for smaller markets, investment figures range from $225,395 to $471,671. Existing contents restoration business owners have an even more affordable path, with conversion costs ranging from $113,645 to $461,646.
This investment covers the initial Franchise Fee, buildout of your new business, comprehensive training, and access to industry experts who provide continuous support. We prioritize equipping franchise owners with the resources necessary to manage and grow their businesses effectively, from day one and beyond.
redbox+ Dumpsters: An Asset-Heavy, Labor-Light Model
redbox+ Dumpsters offers a unique business model focusing on tangible assets and minimal labor requirements. For those looking for a stable, asset-focused business, redbox+ Dumpsters is an attractive option. The total cost to own a redbox+ Dumpsters franchise ranges from $598,222 to $836,447. This investment includes essential startup assets, such as:
- A custom Kenworth tandem truck
- At least 32 initial dumpsters
One of the notable benefits of the redbox+ Dumpsters model is that the business relies more on assets that retain value, offering greater long-term stability. Franchisees benefit from predictable costs, including vehicle, fuel, and labor expenses, which simplifies financial projections and supports strategic growth.
“redbox+ Dumpsters is an attractive investment, because you know in advance what your fixed costs are going to be,” notes Steve Jahner, Regional Business Coach. “Other businesses tend to have much more fluctuation in terms of ongoing costs, which hampers their ability to project their revenue potential. redbox+ Dumpsters is the opposite, and that’s a significant advantage for business owners.”
The Patch Boys: Affordable and Home-Based Opportunity
For those seeking a low-entry investment, The Patch Boys offers a cost-effective way to enter the home services sector. The cost to open a The Patch Boys franchise ranges from $59,395 to $90,367, covering everything from the franchise fee to training and initial equipment.
The initial Franchise Fee for The Patch Boys is $29,500, which secures a protected territory with a population of 250,000 to 350,000 residents. The initial package includes a lead-generation setup, helping franchise owners begin building their customer base even before officially opening.
“We know that our franchise owners invest real time and money to join our brand,” says Doug Smith, Senior Vice President of Franchise Development at The Patch Boys. “This is an excellent entry-level business, because it requires minimal initial costs and has low ongoing overhead. We’ve simplified our business model to help franchise owners quickly establish and scale their operations.”
Which Franchise is Right for You?
Deciding which restoration franchise cost aligns with your business goals involves considering various factors, such as initial investment, operational model, and support provided. Whether you opt for the extensive service range of 1-800 WATER DAMAGE, the specialized focus of Blue Kangaroo Packoutz, the asset-oriented redbox+ Dumpsters, or the accessible The Patch Boys, our franchises come with comprehensive training and ongoing support.
Each option has been designed with entrepreneurs in mind, ensuring a pathway for growth and the tools necessary to build a business while serving community needs. Ready to explore becoming a business owner with BELFOR Franchise Group? Our team is here to help you find the franchise that best fits your business vision.