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Updated RecentlyService Team of Professionals vs The Grout Medic Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Service Team of Professionals vs The Grout Medic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $48,000 - $144,500 | $24,675 - $57,950 |
| Franchise Fee | $48,000 | $12,825 - $16,750 |
| Royalty Fee | 5-9% | 5%-10% |
| Advertising Fee | - | $75/month |
| Year Founded | 1971 | 1997 |
| Year Franchised | 1996 | 2001 |
| Term Of Agreement | 10 years | 7 years |
| Term Of Agreement | 10 years | 7 years |
| Renewal Fee | - | $2000 |
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/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
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| Training | On-The-Job Training: 32 hours Classroom Training: 124 hours Additional Training: Training conventions | - |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Proprietary Software | - |
| Marketing | Co-op Advertising Ad Templates National Media 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) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
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 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.