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Below is an in-depth analysis and side-by-side comparison of Stanley Steemer Carpet Cleaner vs Service Team of Professionals including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $117,215 - $207,200 | $48,000 - $144,500 |
Franchise Fee | $20,000 - $35,000 | $48,000 |
Royalty Fee | 7% | 5-9% |
Advertising Fee | 2% | - |
Year Founded | 1947 | 1971 |
Year Franchised | 1972 | 1996 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | Yes/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | Various training offered throughout the year | On-The-Job Training: 32 hours Classroom Training: 124 hours Additional Training: Training conventions |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures | Purchasing Co-ops Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Proprietary Software |
Marketing | Co-op advertising, Ad slicks, National media | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 16 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Franchise can be run from home. 5% of all franchisees own more than one unit - 10
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |