Coit Cleaning & Restoration Services

Coit Cleaning & Restoration Services

Not Ranked

Initial Investment

LOW: $39,750
HIGH: $164,350

Change in Units

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Promoted Opportunities

Company Profile

Founded

1950

Franchising Since

1966 (50 Years)

Corporate Address

897 Hinckley Rd. Burlingame, CA 94010

CEO

Robert Kearn

Parent Company

Coit Drapery Cleaners Inc.

About Coit Cleaning & Restoration Services

Fifty years ago, while working in the dry cleaning business, Lou Kearn noticed most cleaners did not want to accept the risk involved in cleaning draperies. Seeing that this would be a valuable service, Kearn created specialized equipment for cleaning draperies. Setting up his business in San Francisco, Kearn named his new company after one of the city's landmarks, Coit Tower.

Since Coit's inception in 1950, the company has expanded into many areas of residential cleaning, including carpet, upholstery and air duct cleaning. The company recently began offering maintenance for hardwood and stone floors, tile and countertops.

Financials

Financial Requirements

Initial Investment

$39,750 - $164,350

Net-worth Requirement

$100,000

Liquid Cash Requirement

$30,000

Ongoing Fees

Initial Franchise Fee

$24,000 - $40,000

Ongoing Royalty Fee

6%

Financing Options

Coit Cleaning & Restoration Services offers in-house financing to cover the following: franchise fee, startup costs

Coit Cleaning & Restoration Services has relationships with third-party sources which offer financing to cover the following: 
equipment, inventory

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

  • 2013 - 333

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Operations & Franchisor Support

Training at headquarters: 2 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 2

Related Franchises

Related Articles

Don't Choose a Franchise Until You've Talked to People Who Already Own It

Don't Choose a Franchise Until You've Talked to People Who Already Own It

Some lessons you shouldn't learn the hard way, like how a company treats the owners of its franchises.
Tom Scarda, CFE
This Latest Food Mashup May Have Gone Too Far

This Latest Food Mashup May Have Gone Too Far

The world's a strange place. A place where self-driving cars came before a hotdog-hamburger food combo and Cheetos Chicken Fries.
Entrepreneur Staff
Be Your Own Boss: Insights From 3 Successful Franchisees

Be Your Own Boss: Insights From 3 Successful Franchisees

Want to shake things up and set out on your own? Here, business owners share their personal insights, explaining why – and how – they took the plunge themselves.
Entrepreneur Partner Studio Staff
20 Signs You Might Need a New Franchise Coach

20 Signs You Might Need a New Franchise Coach

Conduct your due diligence on selecting a franchise coach helping you and beware of any of these warning signs.
Rick Bisio
Ways To Choose The Right Franchise To Expand Your Business

Ways To Choose The Right Franchise To Expand Your Business

Franchises are appealing to business leaders who intend to rapidly take their businesses to the next level.
Alka Gupta

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: February 1st, 2013

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012