How Big Is the Contents Restoration Industry?
Blue Kangaroo Packoutz is your chance to get in on the ground floor of a rapidly growing segment in the restoration industry
We live in an age where disasters have become commonplace. When a storm hits a seaside town, or a wildfire spreads across California, people can lose everything precious to them in an instant. As a Blue Kangaroo Packoutz contents restoration franchise owner, you can help homeowners and business owners recover more quickly from these disasters.
In recent years, the increase in weather-related disasters, such as storms, floods, wildfires and more has resulted in unprecedented levels of devastation. In 2019, hurricanes and tropical storms accounted for hundreds of billions of dollars in property damage. According to Scientific American, Hurricane Barry caused upwards of $600 billion in Louisiana alone. Unfortunately, this trend isn’t likely going to slow down anytime soon.
According to NASA, as the impacts of global climate change become more and more widespread, the amount of damage is expected to increase: “Taken as a whole, the range of published evidence indicates that the net damage costs of climate change are likely to be significant and to increase over time,” NASA reports in an article entitled, “The Effects of Climate Change.”
The rise in property damage due to weather-related incidents has been growing for several years. Harvard University’s Joint Center for Housing Studies reports that homeowners spent an estimated $14 billion in 2017 alone for disaster-related renovations, a 23 percent increase from the $11.4 billion spent in 2015.
At the same time, the increased demand has grown the restoration industry. According to IBIS World, the restoration services industry is excepted to grow too over $4.6 billion by 2028. With so much demand and so many people to help, there’s plenty of opportunities for entrepreneurs to own a business that is rewarding both personally and financially.
Contents Restoration is a Lucrative Niche in an Ever-changing Industry
The restoration industry is far more diverse than many entrepreneurs may realize. While many restoration brands focus on restoring the walls and floors of a home that’s been impacted by a flood or a fire, Blue Kangaroo Packoutz works in conjunction with them, focusing on the things that go on the walls, and the furniture that homeowners arrange on the floor – in short, the things that make our homes feel like home.
This means that Blue Kangaroo Packoutz is clearly differentiated in the restoration segment – and because insurance companies would prefer to pay for contents restoration, rather than replacement after a disaster occurs, Blue Kangaroo Packoutz is the rare business opportunity with little competition.
“It’s true that contents restoration is overlooked in the industry,” says Tim Fagan, President of Blue Kangaroo Packoutz. “But that doesn’t mean this business isn’t highly lucrative. Before I became a part of BELFOR Franchise Group, and we decided to franchise Blue Kangaroo Packoutz, I built an incredibly profitable business that was successful over several decades. As disasters are more and more common, the need for contents restoration is going to become more common as well. In fact, insurance companies would prefer to pay for contents restoration than to simply issue a large check to a homeowner.”
Blue Kangaroo Packoutz Restores Items that would Otherwise be Gone for Good
After a property loss or disaster, a homeowner is often left in a desperate situation. Not only because the home that they share with their families is severely damaged or destroyed, but also because all of their possessions, everything that makes their homes feel like home, has the potential to be gone forever.
Not with Blue Kangaroo Packoutz. We excel at salvaging what matters most to homeowners and restoring the items to their pre-damaged state. We help give homeowners their memories back, by restoring their valuables, their collections, and their most meaningful belongings – one item at a time.
“The expression on people’s faces when you bring back a family heirloom or a prized possession that they thought they would never see again is such a good feeling,” says Bruce Johnson, General Manager of Blue Kangaroo Packoutz. “We do full restoration, not just packing and cleaning; we do furniture reupholstery, art restoration, and more. So when you see a tear of joy in the eye of a homeowner who is reeling from a disaster, because of the work you did, there’s nothing better than that.”
Ready to bring a Blue Kangaroo Packoutz core contents restoration franchise to your community?
If you’re ready to open a core contents restoration franchise in your community, simply fill out the form on this site and begin a conversation. We can’t wait to learn more about you!