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The Grout Medic

At a Glance

Products & Services: Tile & grout maintenance/restoration

Number of Locations: 50

Total Investment: $27.2K - 74.3K

Founded: 2001

Began Franchising: 2001

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 49 0 0 1
2010 51 0 0 0
2009 62 0 0 0
2008 68 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $27,200 - $74,300
Franchise Fee: $13,800 - $23,700
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 12 years, renewable
Financial Requirements
Net Worth: $25,000 - $50,000
Liquid Cash Available: $25,000
Operations
Franchise can be run from home. 15% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 3. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks,
Other marketing support: Trade show materials & banners

Franchise Ranking History

Franchise 500®: #349 (2010), #453 (2009), #313 (2008),
Low-Cost: #84 (2010), #71 (2008),
Top Homebased: #87 (2008),

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