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Below is an in-depth analysis and side-by-side comparison of Service-Tech vs Hoodz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $59,000 - $89,000 | $136,733,228,827 |
Franchise Fee | $19,000 | $23,960 - $65,900 |
Royalty Fee | 4-6% | 10% |
Advertising Fee | - | - |
Year Founded | 1960 | 2008 |
Year Franchised | 1987 | 2009 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Net worth requirement: $100,000 Cash liquidity requirement: $10,000 - $30,000 |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | Available at headquarters: One week Technical/ Business Administration |
Support | Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Annual meetings Advanced level training |
Marketing | Co-op advertising | National advertising and public relations |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | * Franchise can be run from home * 13% of all franchisees own more than one unit * Number of employees needed to run franchised unit: Two * Absentee ownership of franchise is allowed |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Founded in 1960, Service-Tech Corp. provides indoor air quality and industrial cleaning services. Franchisees clean and sanitize; apply anti-microbial coating to prevent mold, mildew and bacteria growth; inspect; and change and clean filters in heating, ventilating and air condition systems. The company also cleans interior exhaust systems, industrial ovens, light fixtures, roof ventilators and fans, and performs additional specialty cleaning services for different industries.