October 22, 2009 // Franchising.com // Markham, ON – After experiencing record growth and helping to reduce property damage insurance claims in the U.S. for the last eight years, PuroClean, the nation's fastest growing property emergency services franchise, has announced an aggressive expansion strategy calling for 40 franchise locations throughout Canada in the next five years.
"As of late 2008, we completed the infrastructure necessary to support fast-paced franchise growth throughout Canada," said Keith Gerson, COO and president of PuroClean. "We have the right service providers, vendors, and contractual agreements in place; now, we're focusing on educating the insurance industry about our capabilities and expanding our franchise system." Gerson will visit with Canadian property insurance underwriters throughout Ontario on October 21 – 23 to further assess the needs of the Canadian insurance industry.
Within the last six months, the 300+ unit franchise specializing in the mitigation of property damage related to water, fire, mold, and other trauma events, opened a Canadian headquarters in Markham, ON along with six new franchises in the Toronto market for a total of seven existing franchises in the province. Additional markets targeted for expansion include Vancouver, BC; Victoria, BC; Calgary, AB and Edmonton, AB.
"Our Ontario franchise locations are posting some of the fastest early growth figures in PuroClean history," Gerson said. "With the support of our new headquarters in Markham, our Canadian Franchisees are able to achieve faster responses, higher project capacity and more than 95 percent excellent customer satisfaction rates. PuroClean is poised to become the leading property emergency services franchise throughout Canada as we meet insurance professionals' demand for consistent and efficient mitigation services for their policy holders."
PuroClean enjoyed a record-setting 2008, opening 76 new franchise locations and grossing more than $68 million in revenues, up from $51 million in 2007. Most impressive were sales gains at existing franchise locations, up an astounding 19 percent from 2007 to 2008. The numbers for 2009 have been equally impressive. Consumer sales are up 23 percent, with 72 Franchisees already opening this year.
PuroClean, the fastest growing franchise in the U.S. with more than 300 locations serving the property damage restoration industry, first expanded into Ontario, Canada in 2005. Currently, seven franchise locations and a Canadian home office in Markham, Ontario service the country's $10 billion property damage claims industry. Known as the "Paramedics of Property Damage™" among insurance professional and property owners, PuroClean certified technicians provide emergency services to restore properties damaged by water, fire, smoke, mold, and biohazard events. With 2008 system-wide revenues exceeding $68 million, PuroClean continues to attract entrepreneurial-minded individuals looking for a personally and financially rewarding business opportunity in the recession-proof insurance property claims industry. Entrepreneur magazine ranked PuroClean #119 in its coveted 2009 Franchise 500® ranking of top franchise companies in the world. PuroClean also received the prestigious Franchise Research Institute's World Class Franchise™ designation for the fourth consecutive year in 2008.