| ||||
Updated RecentlySteam Brothers vs The Grout Medic Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steam Brothers vs The Grout Medic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $22,000 - $53,500 | $24,675 - $57,950 |
| Franchise Fee | $16,000 | $12,825 - $16,750 |
| Royalty Fee | 5-6.5% | 5%-10% |
| Advertising Fee | - | $75/month |
| Year Founded | 1977 | 1997 |
| Year Franchised | 1984 | 2001 |
| Term Of Agreement | 10 years | 7 years |
| Term Of Agreement | 10 years | 7 years |
| Renewal Fee | $1K | $2000 |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Ad slicks | - |
| Operations |
Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Steam Brothers
After 16 years in the supermarket business, Adam Leier was looking for a way to go into business for himself. He purchased Steam Brothers, an existing cleaning business, in 1977 and began franchising in 1984. Steam Brothers has locations throughout the Midwest and is based in Bismarck, North Dakota.
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.