I'm in the storm restoration industry, and I can tell you firsthand that the beauty of the industry is that you don't necessarily needneed a lot money up front to start your business. Insurance companies put forth 1st payment that is usually about 50% of the job and industry standard is that that is the deposit check, you complete the work, and the insurance company releases depreciation or the final payment. One good storm is all you need to make your mark- sometimes all it takes is one good job. storms just pounded Virginia and Maryland and you can see how after a few weeks of customers you can have quite a bit of money upfront to get the jobs moving. profit margins range anywhere from 25% to 40% or more. I personally have sold about $4 million in storm restoration damage over the last two years solo.... do the math. Now hire 10 guys.... get 3 offices and 30 guys. Invest, license up, and chase big storms-- do the math. Texas had over $6 billion in hail damage this year- 2 huge storms. Now think of fire flood tornado hurricane - 5 billion plus w/ hurricane Matthew... it goes on and on. It's a big industry. Patrick Johnson from CH_T it's part of the storm restoration industry. He just acquired another company from Oklahoma in the storm industry last year. If he is still part of the strategic board of acquisitions, you can take a look at information the company has put out from 2016 and they were talking about getting involved in the storm industry..... promising information if they are still moving in that direction
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