- 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.
About Sir Grout
|Related Categories||Miscellaneous Maintenance Businesses, Grout Maintenance, Miscellaneous Home-Improvement Businesses, Home Improvement|
|Parent Company||Threshold Brands|
|Leadership||Tanisha Chea, Brand President|
77 N. Washington St.
Boston, MA 02114
|Social||Facebook, Twitter, LinkedIn, Instagram, YouTube|
|Franchising Since||2007 (2023-2007 years)|
|# of employees at HQ||12|
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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$121,830 - $146,710|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|15% off franchise fee|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
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|
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|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||3-4|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
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.
Curious to know where Sir Grout ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse franchises that are similar to Sir Grout.
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