Coit Cleaning & Restoration Services

Coit Cleaning & Restoration Services

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Promoted Opportunities

Initial Investment

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

Change in Units

Company Profile

Founded

1950

Franchising Since

1966 (51 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

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
National Media
Regional Media

Number of employees required to run: 2

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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

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