Service Team of Professionals vs Steamatic Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Service Team of Professionals vs Steamatic including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Service Team of Professionals Franchise
Steamatic Franchise
Investment $48,000 - $144,500$114,411 - $195,561
Franchise Fee $48,000$50,000
Royalty Fee 5-9%8%-2%
Advertising Fee --
Year Founded 19711948
Year Franchised 19961967
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$5K


Business Experience Requirements
 
Service Team of Professionals Franchise
Steamatic Franchise
Experience
  • Aptitude for management, ability to follow directions

  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Service Team of Professionals Franchise
    Steamatic Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/Yes
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Service Team of Professionals Franchise
    Steamatic Franchise
    Training On-The-Job Training: 32 hours Classroom Training: 124 hours Additional Training: Training conventions On-The-Job Training: 17 hours Classroom Training: 63 hours Additional Training: At regional training centers
    Support Purchasing Co-ops Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Proprietary Software Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Ad Templates Regional Advertising Social media SEO Website development Email marketing
    Operations 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)

    		 Franchise can be run from home.

    International franchisees required to buy multiple units/master licenses;

    Number of employees needed to run franchised unit: 6 - 10

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Service Team of Professionals Franchise
    Steamatic Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About Service Team of Professionals

    Service Team of Professionals (STOP) was founded in 1971 by Mack Clark, a former employee with General Dynamics, Honeywell and BF Goodrich. STOP franchisees specialize in fire, smoke and water damage cleanup and restoration, deodorizing, and carpet and furniture repair.

    The total investment necessary to begin operation of a STOP franchise business ranges from $48,000 (for an existing cleaning company not requiring a work vehicle, additional equipment nor certain training that we require each franchisee to have) or from $83,700 to a high investment range of $144,500 for both start-up and existing companies. This includes $80,000 to $82,000 that must be paid to the franchisor or their affiliates.

    #122 on Entrepreneur's ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees
    Veteran Incentives  10% off franchise fee

    About Steamatic

    Steamatic franchises have set the standard in restoration and cleaning services

    For nearly 50 years, Steamatic has been providing communities a variety of much-needed services: fire and water damage restoration, mold remediation, air duct cleaning, commercial building drying, carpet cleaning, and tile and hard surface cleaning. With operations in 23 countries, Steamatic has emerged as a leading restoration franchise with a reputation for having highly trained, professional technicians who get the job done right. That reputation has paid off for Steamatic franchisees, who generate one of the highest average annual sales numbers in the industry.
    Veteran Incentives  25% off franchise fee
    #194 in Franchise 500 for 2020.