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Successful restoration contractors target the market segment they know has more opportunity and — of course — more money so they can profit from their work.
The commercial side of restoration work is huge. If you have ever worked in an area devastated by a hurricane or massive flooding, you know this is true. You can spend weeks or months on a single project and the potential for profit is significant.
But the largest single segment of restoration contractors who participated in the 2014 Restoration Benchmarking Survey Report indicated they prefer the residential side of mitigation. A full 24 percent of respondents said they concentrate on residential clients 80 percent of the time and only 20 percent of the time for commercial clients.
Where do you fall in the listing of residential versus commercial work? Check out the full set of numbers by obtaining your own copy of the survey report, published in the July issue of Cleanfax.