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Updated RecentlySteam Brothers vs CORE Group Restoration Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Steam Brothers vs CORE Group Restoration 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 | $76,000 - $371,150 |
| Franchise Fee | $16,000 | $30,000 |
| Royalty Fee | 5-6.5% | - |
| Advertising Fee | - | - |
| Year Founded | 1977 | 2019 |
| Year Franchised | 1984 | 2019 |
| 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) | - |
Expansion Plans |
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| US Expansion | Yes | 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 CORE Group Restoration
!["CORE]("https://fddexchange.com/wp-content/uploads/2019/12/CORE-Group-Restoration.png")
CORE is a unique take on property damage restoration. Made up of the
largest and most capable property restoration service providers,
CORE is redefining what it means to restore lives.
CORE's business model is unlike anything else on the market today and
offers elite contractors the ability to be a part of a premier service
offering, align themselves with an organization that believes in
operating with the highest standards of craftsmanship, quality and
integrity, all without giving up their independence.
The total investment necessary to begin operation of a single CORE Group
Restoration franchised business is between $76,000 and $371,150. This
includes $50,000 to $93,150 that must be paid to the franchisor or its
affiliate(s).
The total investment necessary to begin operation of two CORE Businesses under a Multi-Unit Franchise is between $127,000 and $742,300. This includes $75,000 to $186,300 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of two CORE Businesses under a Multi-Unit Franchise is between $127,000 and $742,300. This includes $75,000 to $186,300 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of ten
CORE Businesses under a Multi-Unit Franchise is between $335,000 and
$3,111,500. This includes $150,000 to $331,500 that must be paid to the
franchisor or its affiliate(s).