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Entrepreneur: Start & Grow Your Business

Steamatic Inc.

Cleaning services, disaster recovery service, insurance restoration, mold remediation

Background

Founded: 1948 Franchising since: 1967
3333 Quorum Dr., #280
Fort Worth, Texas 76137
Phone:
(800)527-1295

Franchisee Association
Steamatic Executive Council

Franchisor is a privately-held company with 13 employee(s); 13 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 272 60 42 0
2008 -- -- -- --
2007 291 60 42 0
2006 291 60 42 0
2005 340 60 38 8

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
Worldwide

Exclusive territories available.
Territory size: 100,000-350,000 population

Costs and Fees

Total investment: $96.2K-166.96K
Franchise fee: $7K-24K
Ongoing royalty fee: 5-8%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $75K
Cash liquidity requirement: $25K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills

Operations
  • Franchise can be run from home
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 6 - 10
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At regional training centers : 1 week

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks

Other marketing support
  • National account marketing

Rankings

Franchise 500® rank:
#272 (2008); #108 (2005);

Top Home Based Franchises:
#72 (2008); #22 (2005);

America's Top Global Franchises:
#101 (2005);