Surface Specialists Systems

At a Glance

Products & Services: Bathtub repair and refinishing, tub liners, bath remodeling

Number of Locations: 44

Total Investment: $46.2K - $77K

Founded: 1981

Began Franchising: 1982

About Surface Specialists Systems

Wayne McClosky founded Surface Specialists in 1981, establishing the franchise prototype in Colorado Springs, Colorado. In the beginning the family-owned company offered only minimal repair services for plastic laminate countertops and fiberglass and porcelain bath surfaces, but it soon expanded to include refinishing services for marble sinks and vanity tops. It began franchising in 1982 and is now based in Matthews, North Carolina.

Franchise Units

Year U.S. Canadian International Company Owned
2014 44 0 0 0
2013 43 0 0 0
2012 44 0 1 0
2011 46 0 1 0
2010 45 1 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $46,200 - $77,000
Franchise Fee: $21,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $75,000
Liquid Cash Available: $25,000
Operations
Franchise can be run from home. 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 1. 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.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Ad slicks,
Other marketing support: Online advertising

Franchise Ranking History

Franchise 500®: #357 (2010),
Low-Cost: #86 (2010),

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