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Updated RecentlySteam Brothers vs COIT Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steam Brothers vs COIT Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $22,000 - $53,500 | $34,248 - $197,345 |
| Franchise Fee | $16,000 | $24,000 - $40,000 |
| Royalty Fee | 5-6.5% | 6% |
| Advertising Fee | - | - |
| Year Founded | 1977 | 1950 |
| Year Franchised | 1984 | 1962 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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) | Franchise can be run from home. Absentee ownership of franchise is NOT allowed.. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | 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 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).
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).