Steamatic vs Water Out Franchise Comparison

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

Start-Up Costs and Fees
 
Steamatic Franchise
Water Out Franchise
Investment $114,411 - $195,561N/A
Franchise Fee $50,000N/A
Royalty Fee 8%-2%-
Advertising Fee --
Year Founded 19482001
Year Franchised 19672003
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Steamatic Franchise
Water Out Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Steamatic Franchise
    Water Out Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Steamatic Franchise
    Water Out Franchise
    Training On-The-Job Training: 17 hours Classroom Training: 63 hours Additional Training: At regional training centers -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform -
    Marketing Ad Templates 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
     
    Steamatic Franchise
    Water Out Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    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.

    About Water Out