PuroClean Lives Up to Its Recession-Resistant Reputation, Sales Grow in Tough Economy
Nation's Fastest-Growing Property Damage Remediation Franchise Shows Significant Year-to-Date Growth Over 2007 Sales
May 29, 2008 // Franchising.com // Fort Lauderdale, FL – PuroClean, the nation's fastest growing property damage remediation franchise, is doing more than just surviving in a tough economy – it's thriving with unprecedented growth in franchisee profits and new franchise deals.
While its competitors struggle with slumping sales in the current economic state, PuroClean released the following figures showing increased franchisee sales from 2007 to 2008:
- PuroClean franchises operating for less than one year showed 43.5 percent sales growth
- Sales growth for PuroClean franchise locations operating for more than one year and less than two years increased by 11.1 percent
- PuroClean franchises operating more than two years and less than three years showed 10.6 percent sales growth
- Sales for PuroClean franchise locations operating for more than three years grew by 9.3 percent
Monty Smith, Vice President of Franchise Development for PuroClean said that in addition to increased franchisee profits, PuroClean awards new franchises at a remarkable rate compared to other franchise concepts. He attributes the healthy closing rate to PuroClean's top-notch franchise development team, as well as a recession-resistant business model.
"Our franchise development team is made up of some of the most talented and motivated individuals in franchising," Smith said. "A solid sales team, coupled with a recession-resistant concept, is a winning combination," he said, noting that PuroClean is a "need business" versus a "want business." "It's not like we offer a luxury service that people can give up in hard times. Property damage situations happen all day, every day in markets across the country. When a house is flooded or damaged by another type of natural disaster, a homeowner must act immediately to prevent further harm, creating an immediate need for PuroClean's services."
PuroClean is an emergency restoration service business providing services to insurance companies and property owners for water damage, mold, smoke, fire clean up, and biohazard events. The award-winning national franchise has earned the reputation as The Paramedics of Property Damage by property owners and insurance agents, who often view PuroClean's emergency service technicians like paramedics or firefighters for the important role they play in protecting communities 24 hours a day.
PuroClean franchisees service a $120 billion dollar recession-proof niche industry in one of the largest customer bases in the country – the insurance property claims industry. PuroClean is an emergency restoration business providing services to insurance companies and property owners for water damage, mold, smoke, fire clean up, and biohazard events. Currently, 216 PuroClean franchise offices are in operation or development nationwide and in Canada. Puroclean was identified by FRANdata as one of the fastest-growing U.S. franchise concepts, ranking 53rd in the nation. For more information, visit www.PuroClean.com