COIT Carpet Cleaners

COIT Carpet Cleaners

COIT Services, Inc. franchises businesses that provide professional cleaning services for residential and commercial customers, including core services like cleaning carpets, upholstery, window coverings, area rugs, air ducts, tile, and grout. Some franchisees offer additional services such as disaster restoration, stone restoration, and wood floor services. The business model grants exclusive territories based on household counts, with franchisees paying initial fees and royalties to the franchisor while servicing customers in their areas.

40
Locations
$63K–$192K
Investment
ServicesBurlingame, CAwww.coit.comDisclaimer

Franchise Costs


Franchise Fee
$25,000
Item 5 of FDD
Initial Investment Range
$63,188 $191,988
Low: $63,188High: $191,988
Item 7 of FDD
Royalty Rate
7.00%
of gross sales
Brand Fund
1.50%
Item 6 of FDD
Fixed Monthly Fees
$280 – $600
Item 6 of FDD

7% royalty + 1.5% branding and marketing fund (up to 2%) + $200/mo software base + $60/user/mo + $20/mo intranet fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0

Data Based On: Financial performance data is based on 37 franchise outlets in the United States that were open for the full 12 months in 2023, did not experience a transfer, and provided gross sales data for Core Services. Company-owned outlets are not included in this representation.

* The average annual gross sales for Core Services ($1,066,887) and the median revenues per unit for Core Services ($446,690) were directly extracted from the 'Total US Operations' summary on page 3. The average gross sales value also matches the figure explicitly stated on page 1. No information regarding net income, net profit, EBITDA, or expense data was provided, so profit estimates and other related metrics cannot be calculated.

Extracted Item 19 Section

How COIT Carpet Cleaners Compares


Key Insights

  • Lower investment than 78% of Cleaning Services franchises
  • Higher than average SBA loan default rate in Cleaning Services
FranchiseInvestmentFeeRoyaltyLocations
COIT Carpet Cleaners
Current
$63K – $192K$25K7.0%40
THE MAIDS$82K – $160K$57K6.9%1,517
Chem-Dry$119K – $265K$36K7.0%1,099
MERRY MAIDS$127K – $170K$55K7.0%802
OpenWorks$4K – $134K$25K15.0%615
OXI FRESH CARPET CLEANING$54K – $105K$48KN/A481
Cleaning Services Average
72 franchises
$187K – $374K$45K7.1%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 72 Cleaning Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States
1OH
6
2CA
4
3FL
4
4OR
2
5TN
2
6LA
2
7NC
2
8NV
2
9TX
1
10IL
1
11IN
1
12KY
1
13AZ
1
14MD
1
15CO
1

+16 more states

SBA Loan History


Historical SBA 7(a) loan data for COIT Carpet Cleaners franchisees (20122024)

Total Loans
5
Average Loan
$786,400
Total Volume
$3.9M
Default Rate
0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts


42 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

42 Contacts Available

Unlock all COIT Carpet Cleaners franchisee contacts with verified contact information

Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
0
Ceased Ops
0
Transfers
2
Sold to Franchisees
0
Projected New
4

Frequently Asked Questions


The total initial investment to open a COIT Carpet Cleaners franchise ranges from $63,188 to $191,988. This includes a franchise fee of $25,000. Ongoing royalty fees are 7.0% of gross sales.

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