Coit Cleaning & Restoration Services
Carpet, upholstery, drapery, grout & air duct cleaningBackground
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.
Franchise Growth
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 companys annual Christmas dinner and can win cash prizes starting at $1,500.
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 companys annual Christmas dinner and can win cash prizes starting at $1,500.
Costs and Fees
|
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.