Coit Cleaning & Restoration Services

Founded: 1950 Franchising since: 1966
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.

897 Hinckley Rd. Burlingame, California 94010

Phone: (800)243-8797

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	39	1	1	7
2008	44	2	1	7
2007	46	2	1	7
2006	52	2	1	7
2005	50	3	1	7

Where Seeking Franchisees
In the U.S. 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

Exclusive territories available.

Special Programs
Twice a year Coit runs sales contests for its technicians and sales personnel. Winners are recognized at the companyÂ’s annual Christmas dinner and can win cash prizes starting at $1,500.

Total investment: $49.6K-143.4K Franchise fee: $24K-40K

Ongoing royalty fee: 6% Term of agreement: Term of agreement not renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K

Operations

• Franchise can be run from home
• Absentee ownership of franchise is NOT allowed.