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Coit Cleaning & Restoration Services

At a Glance

Products & Services: Carpet, upholstery, drapery, grout & air duct cleaning

Number of Locations: 16

Total Investment: $49.56K - 143.35K

Founded: 1950

Began Franchising: 1966

About Coit Cleaning & Restoration Services

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.

Franchise Units

Year U.S. Canadian International Company Owned
2011 3 1 1 11
2010 41 1 1 8
2009 39 1 1 7
2008 44 2 1 7
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
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, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.

Startup Costs, Ongoing Fees and Financing

Total Investment: $49,560 - $143,350
Franchise Fee: $24,000 - $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: Term of agreement not renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $50,000
Operations
Franchise can be run from home. Absentee ownership of franchise is NOT allowed..
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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