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Steamatic Inc.

2014 Franchise 500
#142
At a Glance

Products & Services: Insurance/disaster restoration, cleaning, mold remediation

Number of Locations: 349

Total Investment: $120.5K - $197.2K

Founded: 1948

Began Franchising: 1967

About Steamatic Inc.

Bill Blackmon and Scott Mooring started a carpet cleaning business in Fort Worth, Texas, in 1948. In 1967, they formed Steamatic in order to franchise their business model. Bill Sims bought the company in 2006. Services now include carpet cleaning, air duct cleaning, furniture and drapery cleaning and disaster restoration.

Franchise Units

Year U.S. Canadian International Company Owned
2014 247 60 42 0
2013 266 60 42 0
2012 273 60 42 0
2011 257 60 42 0
2010 270 60 42 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $120,549 - $197,249
Franchise Fee: $15,000 - $40,000
Ongoing Royalty Fee: 5-8%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 25% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
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).
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: 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

Franchise Ranking History

Franchise 500®: #142 (2014), #106 (2013), #231 (2012), #189 (2011), #146 (2010),
Top Home-Based: #33 (2014), #18 (2013), #66 (2012), #54 (2011), #40 (2010),
America's Top Global: #131 (2014), #99 (2013), #181 (2012), #150 (2011), #116 (2010),

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