The Grout Medic

At a Glance

Products & Services: Grout and tile maintenance, restoration

Number of Locations: 50

Total Investment: $21.4K - $55.95K

Founded: 2001

Began Franchising: 2001

Franchise Units

Year U.S. Canadian International Company Owned
2014 49 0 0 1
2013 43 0 0 1
2012 44 0 0 1
2011 49 0 0 1
2010 51 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $21,375 - $55,950
Franchise Fee: $11,025 - $14,750
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $25,000 - $50,000
Liquid Cash Available: $15,000 - $25,000
Operations
Franchise can be run from home. 30% 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).
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: 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),
Low-Cost: #84 (2010),

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