Coit Cleaning & Restoration Services

Carpet, upholstery, drapery, grout & air-duct cleaning
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$40K - $164K
Unit data is unavailable
N/A

Company Overview

Fifty years ago, while working in the dry cleaning business, Lou Kearn noticed most cleaners did not want to accept the risk involved in cleaning draperies. Seeing that this would be a valuable service, Kearn created specialized equipment for cleaning draperies. Setting up his business in San Francisco, Kearn named his new company after one of the city's landmarks, Coit Tower.

Since Coit's inception in 1950, the company has expanded into many areas of residential cleaning, including carpet, upholstery and air duct cleaning. The company recently began offering maintenance for hardwood and stone floors, tile and countertops.

About Coit Cleaning & Restoration Services

Industry Maintenance
Related Categories Carpet & Upholstery Services, Miscellaneous Services, Miscellaneous Maintenance Businesses
Founded 1950
Parent Company Coit Drapery Cleaners Inc.
Leadership Robert Kearn, CEO
Corporate Address 897 Hinckley Rd.
Burlingame, CA 94010

Business Overview

Franchising Since 1966 (58 years)
# of employees at HQ 20
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

Information for Franchisees

Here's what you need to know if you're interested in opening a Coit Cleaning & Restoration Services franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$24,000 - $40,000
Initial Investment Information Circle
$39,750 - $164,350
Net Worth Requirement Information Circle
$100,000
Cash Requirement Information Circle
$30,000
Veteran Incentives Information Circle
20% off franchise fee
Royalty Fee Information Circle
6%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing Coit Cleaning & Restoration Services offers in-house financing to cover the following: franchise fee, startup costs
Third Party Financing Coit Cleaning & Restoration Services has relationships with third-party sources which offer financing to cover the following: equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 2 weeks
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run 2
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022