
The Grout Medic
Grout and tile cleaning and restoration- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$58K - $78K
- Units as of 2021
-
65 30.0% over 3 years
Company Overview
About The Grout Medic
Franchising Overview
- Franchising Since
- 2001 (20 years)
- # of employees at HQ
- 5
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 65 (as of 2021)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Grout Medic 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
- $40,000
- Initial Investment
- $58,000 - $78,000
- Cash Requirement
- $40,000
- Veteran Incentives
- $1,000 off franchise fee
- Royalty Fee
- 5-10%
- Ad Royalty Fee
- $300/mo.
- Term of Agreement
- 10 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
- The Grout Medic 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.
- On-The-Job Training
- As needed
- Classroom Training
- 40 hours
- Ongoing Support
-
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail 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
- 1
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where The Grout Medic landed on this year’s Franchise 500 Ranking versus previous years.
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