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

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
2012 37 2 1 25
2011 33 1 1 11
2010 41 1 1 8
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, 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.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $39,750 - $164,350
Franchise Fee: $24,000 - $40,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $30,000
Operations
Franchise 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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #333 (2013),
Top Home-Based: #92 (2013),

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