- 2023 Franchise 500 Rank
-
N/R Ranked #391 last year
- Initial investment
-
$122K - $147K
- Units as of 2022
-
44 7.3% over 3 years
Sir Grout seeks to provide innovation in the industry of restoration and care of hard surfaces. The company has taken what customers seek, including cost-effective, convenient, and fast solutions, and worked hard to develop systems and products to meet those needs. They advertise the ability to turn old tile and grout back to looking like new in one day.
Sir Grout may offer a sanding-free finish for wood floors and stone restoration. They provide services through in-home and in-office consultations, and customers receive quotes and information about services from mobile technicians who have the expertise to offer solutions to restoration projects.
Sir Grout was founded in 2004 and began franchising three years later. There are over 40 Sir Grout franchises throughout the United States, and the company is actively seeking to expand its reach even further.
Why You May Want to Start a Sir Grout Franchise
Sir Grout seeks to support its franchisees in many aspects of the company, including the training process. This support creates a sense of community that franchisees work hard to maintain despite having franchises spread across multiple states.
Sir Grout strives to demonstrate a commitment to exceptional customer service and innovative products resulting from continued development. Hard surface restoration is a specialized market, so customers may not be able to secure these services just anywhere. This may make Sir Grout a valued franchise for customers.
Sir Grout has been ranked in Entrepreneur's Franchise 500 several times over the past decade. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make a Sir Grout Franchise a Good Choice?
Sir Grout offers franchisees the opportunity to provide their community with various services related to hard surface restoration. Sir Grout may expand beyond tile and help homeowners and businesses restore stone and some wood surfaces. Be sure you research the brand and your local area to see if a Sir Grout franchise would do well in your community.
To be part of the Sir Grout team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Sir Grout Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Sir Grout franchising team questions. Franchisees will receive training broken into three components: grout and tile, sales and operations, and stone restoration.
Franchisees will also receive support in the forms of an online learning and support system and the Sir Grout business center. The Sir Grout business center handles phone calls, sets appointments, and helps franchisees follow up on interested customers and online leads. Sir Grout boasts a complete turnkey package, so you are ready to provide restoration services to your community from day one.
Company Overview
About Sir Grout
Industry | Maintenance |
---|---|
Related Categories | Miscellaneous Maintenance Businesses, Grout Maintenance, Miscellaneous Home-Improvement Businesses, Home Improvement |
Founded | 2004 |
Parent Company | Threshold Brands |
Leadership | Tanisha Chea, Brand President |
Corporate Address |
77 N. Washington St. Boston, MA 02114 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2007 (2023-2007 years) |
---|---|
# of employees at HQ | 12 |
Where seeking |
This company is offering new franchisees throughout the US. |
# of Units | 44 (as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Sir Grout franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$60,000 |
---|---|
Initial Investment
|
$121,830 - $146,710 |
Net Worth Requirement
|
$200,000 |
Cash Requirement
|
$75,000 |
Veteran Incentives
|
15% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
$500/mo. |
Term of Agreement
|
5 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Sir Grout has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 35 hours |
---|---|
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 3-4 |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Sir Grout? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Sir Grout landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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