|
Below is an in-depth analysis and side-by-side comparison of Stanley Steemer Carpet Cleaner vs TRI-COLOR CARPET CARE including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $117,215 - $207,200 | $30,000 - $75,000 |
Franchise Fee | $20,000 - $35,000 | $22,000 |
Royalty Fee | 7% | - |
Advertising Fee | 2% | - |
Year Founded | 1947 | - |
Year Franchised | 1972 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Various training offered throughout the year | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures | - |
Marketing | Co-op advertising, Ad slicks, National media | - |
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) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |