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.
Franchise Costs
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
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
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
COIT Carpet Cleaners Current | $63K – $192K | $25K | 7.0% | 40 |
| THE MAIDS | $82K – $160K | $57K | 6.9% | 1,517 |
| Chem-Dry | $119K – $265K | $36K | 7.0% | 1,099 |
| MERRY MAIDS | $127K – $170K | $55K | 7.0% | 802 |
| OpenWorks | $4K – $134K | $25K | 15.0% | 615 |
| OXI FRESH CARPET CLEANING | $54K – $105K | $48K | N/A | 481 |
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
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.
| Name | SBA 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)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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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