Coit offers cleaning services for window coverings, carpets, upholstery, air ducts, tile, grout, stone restoration, and wood floor care. The franchise serves residential and commercial clients with professional cleaning solutions.
Key Insights
- Coit Services has been providing professional cleaning solutions for decades, building a reputation for reliability and quality service across various markets. The business's extensive experience is rooted in its foundational principles of customer satisfaction and operational excellence, setting a benchmark in the home services sector.
- The franchise operates through a network of independently owned and operated units. Each franchisee receives comprehensive training and ongoing support, enabling them to deliver consistent, high-standard carpet, upholstery, air duct, and tile cleaning services to residential and commercial clients.
- Coit Services operates within the home services industry, a sector characterized by consistent demand for maintenance and improvement. The focus on specialized cleaning addresses essential needs for property upkeep and healthier indoor environments, presenting an enduring market for the franchise.
Franchise Fee and Costs to Open
Exploring the financial picture of Coit Services gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $40,596 - $191,988, along with a franchise fee of $27,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $446,690 and estimated earnings of $53,603 - $67,004 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 2.9-4.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Coit Services provides new franchisees with comprehensive training and resources. Initial training is conducted over a two-week period at Coit Services' corporate headquarters. This program offers in-depth instruction on operational procedures and business management. Coit Services also recommends ongoing support and access to a library of materials for continued development.
Legal Considerations
Legal considerations for a Coit Services franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Navigating the local market may present opportunities for differentiation against established competitors. Managing a diverse service portfolio requires robust operational systems and skilled personnel. Dependence on a consistent flow of specialized equipment and cleaning agents from defined supply chains warrants careful planning. Building and maintaining a strong customer base through reliable service delivery is an ongoing focus.
Franchise Datasheet
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