The Grout Medic
Tile & grout maintenance/restorationBackground
Founded: 2001 Franchising since: 2001
Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.
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
Worldwide
Exclusive territories available.
Territory size: 400K residential population
|
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
Ongoing Support
Marketing Support
Other marketing support
- 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);
#453 (2009); #313 (2008);
Ranked #1 in category in:
2009; 2008;
Low-Cost Franchises:
#71 (2008);
Top Home Based Franchises:
#87 (2008);