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Below is an in-depth analysis and side-by-side comparison of Steamatic vs Puroclean including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $114,411 - $195,561 | $46,250 - $204,455 |
Franchise Fee | $50,000 | $25,000 - $50,000 |
Royalty Fee | 8%-2% | 3%-10% |
Advertising Fee | - | 2% |
Year Founded | 1948 | 1990 |
Year Franchised | 1967 | 1991 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | * A desire to be in business for yourself. * Excellent people skills * Sales and business background * The required amount of capital and financial stability. * A desire to succeed and help others. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 17 hours Classroom Training: 63 hours Additional Training: At regional training centers | * Three-week training - technical, sales & marketing, financial, operations and all facets of business management * Field training * Training manuals * Online learning and webinars On-The-Job Training: 50.5 hours Classroom Training: 84 hours |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations |
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 |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
PuroClean is looking for qualified applicants from a wide range of foundations to proceed with our rebuilding establishment extension. PuroClean establishment proprietors have different degrees of experience, yet our optimal competitors have a tendency to have comparable attributes and qualities, including:
*Sales and promoting foundation with a past filled with money related achievement
*Highly deals and client benefit arranged
*Independent mastermind and self starter
*Able to take after a demonstrated showcasing framework and deal with a group
*Financially qualified (FICO ratings, establishment charges, everyday costs)
*Desire to offer back to the group with sympathy and compassion
*Seeking money related achievement
Minimum total assets - $200,000