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Below is an in-depth analysis and side-by-side comparison of Sir Grout vs IronDrive including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $78,795 - $131,530 | $39,000 |
Franchise Fee | $39,500 | $20,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | $250/mo.- $500/mo. | 2% |
Year Founded | 2004 | - |
Year Franchised | 2007 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | * > Customer Oriented * > Positive Attitude * > Passion for Quality |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Classroom Training: 90 hours Additional Training: At headquarters or other location | Franchisee attends new franchisee training program in Chandler, Az. |
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 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | * Franchise can be run from home * Absentee Ownership Allowed * Number of Employees Required to Run: 3 - 4 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | Yes | - |
SIR GROUT® offers its owners multiple revenue streams - it's like having five franchises for the price of one!
SIR GROUT® is the first home services franchise to offer grout and tile restoration, stone restoration, sandless wood floor restoration,
bathroom remodeling and slip resistance applications to the consumer and commercial markets.
IronDrive specializes in garage floor coverings and much more. IronDrive gives you the opportunity to install high-quality siding for residential garages and many commercial siding applications. Your product is easy to apply - a two-car garage can be fully coated in as little as six hours!
The market for this product is practically untapped. IronDrive reports that a high percentage of garage floors in the United States are bare concrete. More and more garages are becoming second "man cave” or simply lining so oil spills and dirt can be cleaned up quickly.
An investment for this relatively low cost franchise of $ 39,000 makes this a very attractive opportunity. This gives you the opportunity to be your own boss and run your own company. Very low inventory is also required. The company claims that it is a "turnkey” operation, but does not mention any means of developing an Internet presence. For a fraction of the franchise price, you can learn how to effectively market your IronDrive business on the Internet. You simply need some internet marketing, mentoring, and coaching and training to help you jump-start your new business. You are obviously reading this on the internet, and as a business owner you must also learn how to market on the internet.