Steamatic vs COIT Services Franchise Comparison

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

Start-Up Costs and Fees
 
Steamatic Franchise
COIT Services Franchise
Investment $114,411 - $195,561$34,248 - $197,345
Franchise Fee $50,000$24,000 - $40,000
Royalty Fee 8%-2%6%
Advertising Fee --
Year Founded 19481950
Year Franchised 19671962
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Steamatic Franchise
COIT Services Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Steamatic Franchise
    COIT Services 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
    COIT Services 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)

    		Franchise can be run from home. Absentee ownership of franchise is NOT allowed..

    Expansion Plans
     
    Steamatic Franchise
    COIT Services 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 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).