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Updated RecentlyService Team of Professionals vs COIT Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Service Team of Professionals 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 | $48,000 - $144,500 | $34,248 - $197,345 |
| Franchise Fee | $48,000 | $24,000 - $40,000 |
| Royalty Fee | 5-9% | 6% |
| Advertising Fee | - | - |
| Year Founded | 1971 | 1950 |
| Year Franchised | 1996 | 1962 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
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) | 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 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 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).