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Below is an in-depth analysis and side-by-side comparison of Steamatic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $114,411 - $195,561 | |
Franchise Fee | $50,000 | |
Royalty Fee | 8%-2% | |
Advertising Fee | - | |
Year Founded | 1948 | |
Year Franchised | 1967 | |
Term Of Agreement | 10 years | |
Term Of Agreement | 10 years | |
Renewal Fee | $5K | |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | ||
Franchise Fees | No/Yes | |
Start-up Costs | No/Yes | |
Equipment | No/Yes | |
Inventory | No/No | |
Receivables | No/No | |
Payroll | No/No | |
Training & Support |
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Training | On-The-Job Training: 17 hours Classroom Training: 63 hours Additional Training: At regional training centers | |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
Marketing | Ad Templates Regional Advertising Social media SEO Website development Email marketing | |
Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; Number of employees needed to run franchised unit: 6 - 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
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Expansion Plans |
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US Expansion | Yes | |
Canada Expansion | No | |
International Expansion | Yes |