Coit Cleaning & Restoration Services
At a Glance
Products & Services: Carpet, upholstery, drapery, grout & air-duct cleaning
Number of Locations: 65
Total Investment: $39.8K - $164.4K
Began Franchising: 1966
About Coit Cleaning & Restoration ServicesFifty 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.
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, North Dakota, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Canada, Mexico, South America.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $24,000 - $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial RequirementsNet Worth: $100,000
Liquid Cash Available: $30,000
OperationsFranchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|