Coit Predicts Strong Franchise Growth In 2012

COIT, a leading supplier of specialty cleaning and disaster restoration services headquartered in San Francisco, is hailing the success of its employee-based "Franchise Ownership Program" while predicting that 2012 will bring new opportunities for potential business owners. The company helped four former employees start their own businesses in 2011 and hopes to work with more potential business owners thanks to increased government and bank support for U.S. franchising.

"Our new franchise owners on California's Central Coast, in Tucson and in Washington D.C. are all former COIT employees," Bob Kearn, President and CEO of COIT, said. "We're pleased to help make business ownership possible for our hard working employees, and we're also excited to offer franchise opportunities to returning military veterans and other potential owners." Jon Knosp worked in Sales at COIT's Corporate offices in the Bay Area before he relocated to Washington, D.C. with his wife and purchased his own COIT franchise last year. Carl Moore was a service technician at the company's Phoenix corporate division before he moved to Tucson and opened his own franchise. Both are doing "exceptionally well," according to Pat Saign, COIT's Director of Franchise Development, and have seen a boost in both residential and commercial business over the past six months. Cesar Garcia Mayta, who gained extensive experience working for COIT Bay Area, purchased the Central California franchise with his wife, Tracy Garcia, and his brother, Carlos Garcia, another former COIT employee. Employees who enroll in the Franchise Ownership Program earn credits for each year that they work at COIT. The credits are good toward up to $50,000 of the purchase of a COIT franchise territory.

Saign notes that a number of economic factors should make it easier for anyone motivated to purchase and manage a franchise to be successful in 2012. "After a period of tough times economically, the banks are loosening up," Saign said. "New IRS regulations allow you to borrow money from your 401K to buy a franchise without incurring tax penalties, and the current administration is backing efforts that help returning veterans purchase their own franchises. We're very optimistic about the coming year." COIT franchise business owners are backed by the company's 60-plus years of experience in the specialty-cleaning and restoration business, along with a strong franchise system with a highly recognizable brand image. Franchise owners are able to offer more than just carpet cleaning; the company provides drapery cleaning, natural stone care, grout colorsealing, emergency restoration, and other popular services. COIT also assists franchisees by providing compelling marketing campaigns, multiple revenue sources and an unmatched support system. In cooperation with the International Franchise Association's VetFran program, COIT discounts franchise fees by 20% for any U.S. military veteran.

"We like to work with individuals who have a strong desire to lead their own company, who enjoy marketing, operating and building a business, and who are comfortable investing in and managing multiple employees," Kearn said.

For more information about COIT, call (800) - FOR-COIT or visit www.COIT.com. For information about franchise opportunities, call Pat Saign at (800) 243-8797 X108.

ABOUT COIT With more than 60 years of industry experience in the U.S., Canada and Thailand, COIT is a leading supplier of carpet, upholstery and drapery cleaning services. The company also provides tile & grout cleaning, air duct cleaning, and 24-hour emergency restoration services. COIT's impeccable reputation offers customers the peace of mind that comes from knowing every job will be done right the first time.

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