The restoration industry is one of the fastest-growing industries in the United States. This is due to the large baby boomer population reaching retirement age and downsizing into smaller homes. In addition, the number of homeowners aged 55 and over is expected to grow from 31 million in 2016 to 87.1 million by 2040. This growth in the senior population will lead to an increase in the demand for restoration services.

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The restoration industry is also very profitable. The average gross profit margin can be between anywhere from 30% to 70%, depending on the type of job. The high-profit margins are because most restoration jobs require some manual labor and a lot of automation via equipment (dehumidifiers, air movers, etc.). Also, thanks to the large average job size, which is over $4,000, companies can absorb costs and still make a good profit.

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Finally, the restoration industry is very recession-resistant. This is because people will always need restoration services after a natural disaster or man-made accident. In fact, the industry actually did well during the last recession. Restoration services are not luxury, they are essential, so it is always in need.

So if you are looking for a business to start, the restoration industry is a great choice. You can expect high profits, continuous growth, and stability even during tough economic times.