Steamatic Inc.
#305

Initial Investment

LOW: $137,050
HIGH: $162,050

Change in Units

+3.3% +12 UNITS (1 Year)
-1.9% -7 UNITS (3 Years)

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Company Profile

Founded

1948

Franchising Since

1967 (49 Years)

Corporate Address

3333 Quorum Dr., #280 Fort Worth, TX 76137

CEO

Bill Sims

About Steamatic Inc.

Bill Blackmon and Scott Mooring started a carpet cleaning business in Fort Worth, Texas, in 1948. In 1967, they formed Steamatic in order to franchise their business model. Bill Sims bought the company in 2006. Services now include carpet cleaning, air duct cleaning, furniture and drapery cleaning and disaster restoration.

Financials

Financial Requirements

Initial Investment

$137,050 - $162,050

Net-worth Requirement

$70,000

Liquid Cash Requirement

$70,000

Ongoing Fees

Initial Franchise Fee

$15,000 - $40,000

Ongoing Royalty Fee

8-2%

Financing Options

Steamatic Inc. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, equipment

Veteran Incentives


25% off franchise fee

Franchise 500® Rank History

Highest Rank: 106

Lowest Rank: 305

  • 2008 - 272
* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 2 weeks

Additional Training: At regional training centers

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

Marketing Support
Ad Slicks

Number of employees required to run: 6 - 10

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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: May 18th, 2016

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