If you’re looking for a business opportunity in 2024, you may want to consider the disaster restoration industry and an opportunity with Lightspeed Restoration. This is a sector with constant demand, thanks to challenging weather situations and general property owner mishaps. Given how big an investment people make in their properties, being able to keep them functioning at their full potential is important, and handling emergency restoration problems is necessary.
Learn a little about the disaster restoration industry and why disaster restoration franchises are a good opportunity for starting a business or expanding a growing business portfolio.
About the Industry
What makes disaster restoration franchises a good business investment is that property damage situations are guaranteed to happen. Fire and water damage can occur from natural disasters and property neglectfulness such as leaving a cooking stove unattended or the overflowing of a bathtub. When these moments happen, restoration companies are the ones who return the property to a safe condition.
A disaster restoration provider comes to the property and addresses areas of the home impacted by water or fire damage, or indoor air quality concerns. The professional teams at Lightspeed Restoration work with insurance carriers to streamline the remediation process and minimize the stress of a challenging situation. Plus, our services are offered 24/7.
An Added Benefit
One of the other aspects of owning a property and flood damage franchise is that you’re often coming in to save someone’s property from what is potentially a horrible situation. For many, their home is their most treasured investment, and being able to maintain that value is important for the financial welfare of many people.
The disruption to a family’s routine when significant property damage occurs also causes a lot of stress. Children still have to get to school, and parents still must report to work, which can seem like impossible tasks if the family is living apart from their home and everything they own. The ability to handle property damage situations in a fast and efficient way is always appreciated by displaced families.
Why Disaster Restoration Franchises are a Great Investment
Some impressive statistics on the disaster restoration industry support the value of a Lightspeed Restoration franchise business opportunity. See the top stats below:
- The estimated value of the restoration industry is about $210 billion
- Since 1980, severe storms have resulted in over $383 billion of damage; 33% of that total ($163 billion) has happened in the past five years
- There are approximately 1,200 tornadoes in the U.S. every year
- Every year since 2008, there has been at least $10 billion in U.S. insured damage from severe weather events
- Over the last decade, tornadoes have caused more than $14.1 billion in damage to properties and crops nationwide
- From 2010 to 2020, tornadoes caused $2.5 million in property damage per storm
- Economic losses from natural disasters capped at $232 billion in 2019
If you want to get a sense of how many storms take place every month, visit the Storm Prediction Center. You can see storm results by state for tornadoes, hail damage events, and wind damage events.
Introducing Lightspeed Restoration
Lightspeed Restoration is part of the Home Franchise Concepts (HFC) family of brands, a leader in the home service franchise industry. With 2,600 franchised territories, Home Franchise Concepts is a subsidiary of a $18 billion company, JM Family Enterprises. What’s even more impressive is that 45% of the 5,000 associates worldwide have been with the company for a decade or more.
Lightspeed Restoration works in the residential and commercial industries, providing services for water damage, fire damage, indoor air quality issues, disaster response, and reconstruction needs.
Get Started with Lightspeed Restoration
Lightspeed Restoration offers a smart business opportunity for individuals seeking to leave corporate America and invest in their own business. For a total investment of $155,000, you can be on your way to running an in-demand business that is protected from economic issues. Disasters happen, and you can be there to help.
Contact us today and talk to a member of our franchise development team franchise advisor.