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Entrepreneur: Start & Grow Your Business

The Grout Medic

Tile & grout maintenance/restoration

Background

Founded: 2001 Franchising since: 2001
2241 E. Continental Blvd., #150
Southlake, Texas 76092
Phone:
(817)416-7600


Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 62 0 0 0
2008 68 0 0 0
2007 67 0 0 0
2006 45 0 0 0
2005 39 0 0 0

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: 400K residential population

Costs and Fees

Total investment: $21.3K-52.7K
Franchise fee: $13.8K-23.7K
Ongoing royalty fee: Varies
Term of agreement: 12 years, renewable


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

Qualifications
Net worth requirement: $25K-50K
Cash liquidity requirement: $25K
Business Experience:
  • General business experience

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)

Training and Support

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

Rankings

Franchise 500® rank:
#453 (2009); #313 (2008);

Ranked #1 in category in:
2009; 2008;

Low-Cost Franchises:
#71 (2008);

Top Home Based Franchises:
#87 (2008);