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Updated RecentlySteamatic vs Best Options Restoration Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steamatic vs Best Options Restoration 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 | $83,000 - $120,000 |
| Franchise Fee | $50,000 | N/A |
| 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 | 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) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Steamatic
Steamatic franchises have set the standard in restoration and cleaning services
For nearly 50 years, Steamatic has been providing communities a variety of much-needed services: fire and water damage restoration, mold remediation, air duct cleaning, commercial building drying, carpet cleaning, and tile and hard surface cleaning. With operations in 23 countries, Steamatic has emerged as a leading restoration franchise with a reputation for having highly trained, professional technicians who get the job done right. That reputation has paid off for Steamatic franchisees, who generate one of the highest average annual sales numbers in the industry.Veteran Incentives 25% off franchise fee
#194 in Franchise 500 for 2020.About Best Options Restoration
When you consider the statistics, it becomes clear just how common and devastating damage to your home can be. According to DisasterSafety.org, National Fire Protection Association, and the Insurance Information Institute:
- 14,000 people in the US experience a water damage emergency at home or work each day
- 98% of basements in the US will suffer from some type of water damage during their lifetime
- The costs are just as staggering as the frequency. Water damage and mold cost the insurance industry $2.5 billion dollars per year
- The average cost of a home water damage insurance claim is $6,965
- 475,500 structure fires occur in the U.S. per year.
- Fires cause $7.9 billion in property damage per year.
- The United States experiences more tornadoes than any other country
- The average cost per claim for lighting damage is $7,571.9
- The estimated insured loss for hurricane damage is $2.9 billion