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Below is an in-depth analysis and side-by-side comparison of Steamatic vs Rytech 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 | $128,000 - $160,000 |
Franchise Fee | $50,000 | $35,000 |
Royalty Fee | 8%-2% | 8% |
Advertising Fee | - | - |
Year Founded | 1948 | 1995 |
Year Franchised | 1967 | 1996 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
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/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 | - |
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 |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Rytech has steadily grown since its inception in 1995. Insurance claims professionals realize Team Rytech's fresh approach is exactly what the industry has been looking for. Because of our specialized field of work, advanced cutting-edge technology and successful strategies, Rytech is repeatedly recommended for residential and commercial water claims by insurance carrier partners, agencies and adjusters. Our success is driven by selecting highly motivated individuals with drive, dedication and an attitude to excel.