Restoration industry spotlighted by CNBC

"New York City, USA - December 12, 2012: Six weeks after Hurricane Sandy machinery to create heated air is seen at the entrance plaza to One New York Plaza, a skyscraper in Lower Manhattan which has large financial services corporations as tenants."

Investors are taking interest in the restoration industry, which is considered a major growth industry, according to a restoration industry report by CNBC.

The restoration industry report, which uses Cleanfax survey data as part of its research, comes in the wake of recent natural disasters including three major hurricanes, which caused widespread wind and flooding damage, that caused disaster restoration professionals to pour into affected areas, even as those areas are still desperate for more assistance.

Joseph Roseman of financial advisory firm O’Dell, Winkfield, Roseman and Shipp, said in the report, “If you have the proper expertise and work ethic, this could be an opportunity to change your career trajectory in areas that are going to need help for many years to come.”

IICRC Vice Chair Craig Kersemeier said in the report that gross profit margins in the industry are upwards of 70 percent, and he pointed to the usually higher profit margin on commercial jobs due to faster insurance handling. The restoration industry report also looked at the TPA preference to work with preferred vendors, causing a growing trend towards franchising within the restoration sector — specifically citing the exponential growth of ServiceMaster over the last three years (its shares have almost doubled).

Especially interesting within the report, it recommends making investments in supporting industries like “transportation companies, such as Swift Transportation, a trucking company that could be benefiting from the flow of goods to disaster areas.”

The full article is available at

Cleanfax Staff

Cleanfax provides cleaning and restoration professionals with information designed to help them manage and grow their businesses.

Follow Cleanfax Staff

Related Posts

Share This Article

Join Our Newsletter

Expert Videos

Popular Content

Masters in Restoration Pricing & Documentation

Masters in Restoration Pricing & Documentation: How to Turbocharge Your Restoration Project Strategies

Erin Hynum

Revolutionizing Restoration: Introducing the DryMAX XL Pro Dehumidifier


CoreLogic: Spearheading Innovation and Technology in the Restoration Industry


Insurance Restoration Strategies Unlocked: How to Identify & Conquer Top Challenges in the Industry

AI sales

Is AI Going to Be the Death of the Salesperson?


Do you see the FTC ban on noncompete clauses affecting your company?

View Results

Loading ... Loading ...