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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
7% royalty + 1.5% branding and marketing fund (up to 2%) + $200/mo software base + $60/user/mo + $20/mo intranet fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
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 to Other Cleaning Services Franchises
Key Insights
- Lower investment than 78% of Cleaning Services franchises
- Higher than average SBA loan default rate in Cleaning Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
COIT Carpet Cleaners Current | $63K - $192K | $25K | 7.0% | 40 |
| THE MAIDS | $82K - $160K | $57K | 6.9% | 1,517 |
| THE MAIDS | $118K - $141K | $60K | 6.9% | 1,472 |
| Chem-Dry | $119K - $265K | $36K | 7.0% | 1,099 |
| MERRY MAIDS | $127K - $170K | $55K | 7.0% | 802 |
| OpenWorks | $4K - $134K | $25K | 15.0% | 615 |
Cleaning Services Average 72 franchises | $187K - $374K | $45K | 7.1% | - |
* 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
+16 more states
SBA Loan History
Historical SBA 7(a) loan data for COIT Carpet Cleaners franchisees (2012 - 2024)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a COIT Carpet Cleaners franchise?
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.
How much revenue does a COIT Carpet Cleaners franchise make?
According to the 2024 FDD, the average gross revenue for a COIT Carpet Cleaners franchise is $1,066,887. The median revenue is $446,690.
How many COIT Carpet Cleaners franchise locations are there?
As of the 2024 FDD, COIT Carpet Cleaners has 40 franchise locations.
Can you get an SBA loan for a COIT Carpet Cleaners franchise?
Yes, SBA loans are available for COIT Carpet Cleaners franchises. Historical data shows 5 SBA 7(a) loans have been approved for COIT Carpet Cleaners franchisees, with an average loan amount of $786,400. The historical default rate is 0.0%.
Is COIT Carpet Cleaners a good franchise to buy?
COIT Carpet Cleaners shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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