• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Only
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

FDD Talk 2016: The Restoration 1 Franchise Opportunity (Financial Performance Analysis, Estimated Costs, and Other Important Stuff You Need to Know)

Last updated on March 26, 2022 by Franchise Chatter Leave a Comment
in FDD Talk: Service Franchises, Franchise Earnings, Repair and Restoration Franchise

Restoration 1



Learn Which Franchises Can Make You Rich

For the most up-to-date financial information, visit our latest FDD Talk post analyzing Restoration 1’s average revenues, expenses, and/or profits.

In this FDD Talk 2016 post, you’ll learn the following:

America's Most Lucrative Franchises of the Year
  • Section I – Background information on the Restoration 1 franchise opportunity, including relevant news updates
  • Section II – Estimated initial investment for a Restoration 1 franchise, based on Item 7 of the company’s 2016 FDD
  • Section III – Presentation and analysis of Restoration 1’s financial performance representations, based on Item 19 of the company’s 2016 FDD, including information on the:
  • 2015 average, high, and low gross revenues for Restoration 1 franchised businesses that had been in operation for 36+ months, 24-36 months, and 12-24 months, respectively

Section I – Background Information

Andor Kovacs, a native Hungarian, is the founder and CEO of Restoration 1. He moved to the U.S. in 1999 after a romance went bad and he just wanted to get away from it all.

Restoration 1 is actually his second restoration company. He started his first, called Mayer Flood Restoration, in Daytona Beach with a couple of partners. But the partners couldn’t agree on how to run the business and sent Kovacs a fax kicking him out of the company. Needless to say, it was an upsetting experience.

He didn’t let that stop him, though, and soon managed to start up his second attempt, Restoration 1, which he began franchising in 2009. Based in Fort Lauderdale, FL, the company specializes in 24-hour emergency response to provide water extraction, mold remediation, drying, dehumidification, fire and smoke damage restoration, storm-response services, and general maintenance and cleaning services for home and business owners.

Currently, the chain consists of 39 locations, with 27 in the U.S. (one of which is company-owned) and 12 in Canada. Here’s how Restoration 1 is looking to clean up in the emergency mitigation and restoration industry:

A Strong Market

As unfortunate as they may be, there are all kinds of wind, storm, fire and water damage occurring every day in every community across the entire planet, which is why the domestic restoration market is a $60 billion industry and growing. Nearly 1 million people are affected each year by natural disasters, and many of them will need restoration services of some kind.


💰How Much Franchise Can You Afford? Use Our Free Financial Calculator



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)


Recession-Proof Business

Disasters don’t take a holiday when the economy is down and, for the most part, it is insurance companies who are paying for this kind of restoration service, so Restoration 1 often becomes a kind of advocate on behalf of the owner with the insurance companies.

Highly-Trained Franchisees

All franchisees are required to go through extensive training by IICRC, the Institute of Inspection Cleaning and Restoration Certification. It lasts eight weeks, with two weeks each for water, fire, mold, and smoke remediation.

Refreshing Leadership

Kovacs has spoken at length about his take on leadership as quoted in Business News Daily: “A leader places the people around him or her in a position that sets them up for success. This is a difficult task, because a leader must have an in-depth understanding of each individual, such as understanding their career goals and knowing what motivates them. By being committed to helping each person achieve their own personal goals, the leader sets the organization up for greatness. Leaders are [also] good listeners. They listen to verbal and nonverbal cues to understand [what is] occurring in the organization. This allows you to address problems before they become big issues.”

Section II – Estimated Costs

  • Please click here for detailed estimates of Restoration 1 franchise costs, based on Item 7 of the company’s 2016 FDD.

Section III – Financial Performance Representations (Item 19, 2016 FDD) and Analysis



To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.

Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.



Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment - See more at: https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator



🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)





Franchise Winners and Losers Last Year

Tagged as: Restoration 1

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: FDD Talk 2016: The Lemon Heaven Franchise Opportunity (Financial Performance Analysis, Estimated Costs, and Other Important Stuff You Need to Know)

Next post: Franchise Costs: Detailed Estimates of First Choice Business Brokers Franchise Costs (2017 FDD)

Primary Sidebar

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator

🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🤷‍♀️Why Work with a Franchise Broker?

A good franchise broker can help you to find the right franchise. They provide:

✅ Recommendations based on their assessment of historical financial performance (Item 19, FDD) instead of just franchise marketing materials.

✅ Franchise matches based on your goals, strengths, and passions.

✅ Demographic analysis to find franchises that could work in your area.

✅ A portfolio of franchises to meet almost any budget, interest, or goals.

✅ Referrals to other specialists, like franchise lawyers.

✅ Information on financing sources.

✅ Coaching in the due diligence process, based on experience with dozens of candidates.

✅ Help presenting yourself in the best light, to increase your chances of success.

✅ No fees for their services: franchisors pay them a success fee if an agreement is signed.

To get started, fill out this form, and a specialist from the Franchise Brokers Association will reach out to you.

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🚀 Daily FDD Talk Posts

Cold Stone Creamery Franchise

IMAGE Studios Franchise

Culver’s Franchise

Pet Supplies Plus Franchise

Popeyes Louisiana Kitchen Franchise

WaveMAX Laundry Franchise

The Goddard School Franchise

PJ’s Coffee of New Orleans Franchise

SPENGA Franchise

Jamba Franchise

Screenmobile Franchise

Papa Murphy’s Franchise

Pure Barre Franchise

Schlotzsky’s Franchise

Assisting Hands Home Care Franchise

Wireless Zone Franchise

All Dry Services Franchise

ZIPS Dry Cleaners Franchise

Domino’s Pizza Franchise

Property Management Inc. Franchise

Synergy HomeCare Franchise

Fastest Labs Franchise

Units Moving and Portable Storage Franchise

Checkers & Rally’s Franchise

ShelfGenie Franchise

Freddy’s Frozen Custard & Steakburgers Franchise

Mr. Electric Franchise

KFC Franchise

Real Property Management Franchise

Dunkin’ Franchise

RockBox Fitness Franchise

Jimmy John’s Franchise

Five Star Painting Franchise

Noodles & Company Franchise

Relax the Back Franchise

MOOYAH Franchise

Senior Helpers Franchise

Slim Chickens Franchise

Salons by JC Franchise

Teriyaki Madness Franchise

Storm Guard Roofing and Construction Franchise

Baskin-Robbins Franchise

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Salon Suites Franchises

Best Property Management Franchises

Best Laboratory Services Franchises

Best Staffing/Recruiting Franchises

Best Real Estate Franchises

Most Profitable Franchises

Top Low Cost Franchises

Starting a Business During a Recession

Franchise Chatter uses affiliate links for Franchise Help and the Franchise Brokers Association.

Franchise Chatter © 2022