Business Description

Granting large, exclusive territories, COIT SERVICES provides a proven opportunity in the carpet, upholstery, drapery, area rug air-duct cleaning and hard surface renewal business. COIT franchisees enjoy use of a universal 800# (1-800-FOR-COIT), along with successful marketing and business development that have been developed in 50 years of operational experience.

Franchisor Background

Year Established:  1950

Franchising Since:  1963

Operating Units:
Franchised Units:	60	85.7%
Company-Owned Units:	10	14.3%
Total Operating Units:	70	100.0%
Geographic Distribution: U.S.: 66 94.3% In 26 States Canada: 3 4.3% In 2 Canadian Provinces International: 1 1.4% In 0 Foreign Countries   Total: 70 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Washington	4
2. Ohio	4
3. California	16

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$No Minimum
Cash Investment:	$40-60K
Total Investment:	$100K
Average Total Investment:	$100K
Fees:
Initial Franchise Fee:	$25K
Average Franchise Fee:	$25K
On-Going Royalty:	2-6%
Average Royalty:	4%
Advertising Fee:	0%

Average Number of Employees: 2 Full-time, 1 Part-time

Space Needs (in square footage): 1,000

Preferred Sites:

Other Sites: Industrial

Encourage Conversions? Yes

Earnings Claims Provided?: Yes

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	3
General Business Experience:	5
Specific Industry Experience:	4
Formal Education:	3
Psychological Profile:	1
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	19
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Headquarters	7 Days
2. Field	1-2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 51 U.S.: Yes, Northeast, Southeast,Midwest Canada: Yes, All Canada Overseas: Yes, All Countries	Request Franchisor Info   Submit an online form to receive information from Coit Services.