Start a Best Option Restoration Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $186K - $230K

Units as of 2024: 68 240.0% over 3 years

Best Option Restoration is a trusted leader in the disaster restoration industry. With an extensive franchise presence throughout the United States, the brand has a lot of expertise in disaster restoration services. These include water damage remediation, structural drying, mold remediation, damage re-construction, debris removal, contents cleaning, fire damage restoration, sewage remediation, dehumidification, and climate control.

Best Option Restoration may see success, which can be attributed to its vast qualifications in different and relevant aspects of the restoration industry. These include having a good track record, strict adherence to OSHA rules and regulations, and being licensed, bonded, and insured.

Best Option Restoration began franchising in 2018 and has opened over one dozen franchises in the United States.

Why You May Want to Start a Best Option Restoration Franchise

Best Option Restoration focuses on helping the needy after a disaster. Best Option Restoration believes it has the right personnel and equipment to get the job done. If you value humanity and would love to help improve people's lives, especially after a disaster, becoming a Best Option Restoration franchisee may be a good idea because the franchise shares the same ideologies.

Opening a Best Option Restoration franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

Best Option Restoration has been ranked in Entrepreneur's Top New Franchises. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

What Might Make a Best Option Restoration Franchise a Good Choice?

Best Option Restoration uses only certified IICRC & IRI technicians. It focuses on making its clients feel at home again after a disaster. Franchisees may benefit from exclusive territories, fairly low overhead, and a solid business model.

To be part of the Best Option Restoration team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How to Open a Best Option Restoration Franchise

The process of applying for a Best Option Restoration team may be straightforward. However, it is advisable to research Best Option Restoration before signing up for anything or making any commitments. While it is true that Best Option Restoration is a fairly well-known brand nationwide, it does not necessarily mean that it will do well in your community. You may also want to analyze the completion in your area. While competition can help you grow, too much of it may not allow for the most possible growth.

If awarded a franchise, franchisees may receive support from the Best Option Restoration brand throughout the franchising process. In addition to pre-opening training, Best Option Restoration franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.

Company Overview

About Best Option Restoration

Industry	Maintenance
Related Categories	Restoration Services, Cleaning/Restoration
Founded	2016
Parent Company	BOR Franchising LLC
Leadership	Nick-Anthony Zamucen, Founder
Corporate Address	8200 Southpark Cir., #300 Littleton, CO 80120
Social	Facebook, LinkedIn, YouTube

Business Overview

Franchising Since	2018 (6 years)
# of employees at HQ	6
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Australia/New Zealand, Europe (Western)
# of Units	68 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Best Option Restoration franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$35,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$185,918 - $230,468
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$50,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	7%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Best Option Restoration offers in-house financing to cover the following: accounts receivable
Third Party Financing	Best Option Restoration has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	15 hours
Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	1
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes