The Grout Medic vs COIT Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Grout Medic vs COIT Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$24,675 - $57,950 | $34,248 - $197,345 |
Franchise Fee |
$12,825 - $16,750 | $24,000 - $40,000 |
Royalty Fee |
5%-10% | 6% |
Advertising Fee |
$75/month | - |
Year Founded |
1997 | 1950 |
Year Franchised |
2001 | 1962 |
Term Of Agreement |
7 years | - |
Term Of Agreement |
7 years | - |
Renewal Fee |
$2000 | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | Franchise can be run from home.
Absentee ownership of franchise is NOT allowed.. |
Expansion Plans |
US Expansion |
Yes | - |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About The Grout Medic
The Grout Medic is the leading grout & tile restoration franchise with over 50 locations across the US. Our franchise owners come from all walks of life but they all have the same common goals; to gain control over their future and provide a better lifestyle and opportunity for themselves and their families.
The benefits of owning a Grout Medic franchise are numerous:
* Low cost investment - get started for under $25,000 including equipment
* Home based business - no long term lease commitments or expensive fit outs
* Protected territory - absolutely but rather than a one-size fits all territory The Grout
Medic will analyze demographic data including household numbers, income levels and house values in your area to ensure the best possible chance for success. Minimum recommended territory size is 200,000 population, with a majority starting at 300,000 population.
* Equipment - all equipment required to operate the business is included in the initial franchise fee as well as a supply of marketing/stationery items as well as approximately
3 months worth of product supply
* An in demand service - in today's economy home owners are looking for alternatives to expensive bathroom renovations.
We have the answer. By choosing The Grout Medic restoration process, our customers receive "Like New" results in a matter of hours...not days! AND, they save up to 70% of the cost of replacement. This makes our service more valuable than ever!The Grout Medic has developed easy to learn methods that can be taught to people from any type of work background. We offer full training from office to hands on technical training along with support every step of the way. The Grout Medic will give you the satisfaction of owning your own business while becoming part of a larger organization that is there to help you achieve your personal goals.
Find out what the future holds
today while your area is still available.
About COIT Services
We are driven to help business leaders like you enjoy the freedom and independence that comes from building and leading your own business.
COIT franchise business owners are backed by our 60+ years of experience in the specialty-cleaning & restoration business and a powerful franchise system that includes a highly recognizable brand image, compelling marketing campaigns, multiple revenue sources, plus an outstanding support system that helps our franchise business owners "hit the ground running". Our goal is to work with individuals who have a strong desire to lead their own company, enjoy marketing, operating and building a business, and are comfortable investing in and managing multiple employees. To learn more about COIT franchise ownership opportunities give us a call at 1-800-243-8797
The total investment necessary to begin operation of a COIT Core
Services franchise is $51,858 to $197,345 for a new franchise; $34,248
to $134,995 for a conversion franchise; and $38,198 to $181,495 for a
plant conversion franchise. These amounts include $24,799 to $74,995
(depending on the number of households in the territory) that must be paid to the franchisor or its affiliate(s).
The total additional investment necessary to offer Restoration Services
is $31,525 to $48,725. This includes $8,500 that must be paid to the
franchisor or its affiliate(s).
The total additional investment necessary to offer Stone Restore
Services is $29.000 to $46,500. This includes $8,500 to $10,000 that
must be paid to the franchisor or its affiliate(s).