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Lightspeed Restoration
Franchise Details
Restoration companies clean, repair, and restore damaged homes and buildings after floods, burst pipes, mold, wildfires, home fires, and more. Lightspeed Restoration handles both residential and commercial properties, but homes account for the most business—making the home services industry a strong investment. Water damage restoration is the most profitable, followed by mold and fire damage.
Lightspeed Restoration has a strong leadership team with over 150 years combined industry experience. Our franchise owners benefit from best-in-class training, cutting-edge business operations technology, exceptional marketing resources, and ongoing support. Their teams of IICRC-certified technicians also receive extensive training to address standing water, fire and smoke damage, mold, and indoor air quality issues for homeowners and commercial businesses.
No one else in the residential or commercial water damage restoration field matches the intensity of our training program. Franchise Owners and one team member will get free water damage certification training at our own state-of-the-art, flood house at our headquarters in Dallas. Our franchisees also enjoy multiple-day regional training seminars at no cost, as well as. 24/7/365 in-house national call center, at no cost to the franchise owner. Most competitors do not offer this service or charge franchise owner for it!Training on the ins and outs of working with insurance carriers to streamline the damage claims process to get paid faster. Loans to keep franchise owners cash flow going during catastrophic events (no re-credit check required!)
Industry Talking Points
Whether caused by a natural disaster or a human error, water and fire damage can happen year-round. The global restoration industry is estimated to be worth approximately $210 billion and the demand for restoration services is growing. In the U.S. alone, the disaster restoration industry is projected to be $80B and will grow 6.8% annually from now until 2025. With extreme weather and natural disasters on the rise, this segment of the home services market is predicted to continue to boom.The average cost for a home water damage restoration incident is almost $12,000. Every day around 14,000 home and business owners deal with water damage. 98% of basements in the U.S. will suffer from some type of water damage during their lifetime. Almost 50% of all home insurance claims are due to water or fire damage. Restoration companies get business through customer referrals, insurance companies, and social media.
Ideal Franchisee
Sales, business development, and outstanding people skills. Goal-oriented with good leadership skills to build and lead a small organization, but is not afraid to get their hands dirty. Passionate about building a business with attractive economics and one that has a positive impact in the community.
Top Target Markets
New Orleans,LA, Southern Florida, Houston, TX, Southern CA, Charlotte, NC