1992
50
$35,003
$34,900
$49,400
Yes
The Groutsmith could easily be described as the perfect business model! A home based business with low operating overhead, proven systems, superior products, large exclusive protected territories and high profit margins. The Groutsmith restores and repairs tile and grout for both residential and commercial customers. The Groutsmith has a complete line of professional restoration products that provide superior results and set us apart from our competition. For more than 30 years, the Groutsmith has provided the highest quality services available. No experience required. Groutsmith is looking for people who are self-starters with a solid work history, good work ethic and strong people skills. This business could be a fit for many candidates, whether a hands-on individual or a manager who wants to hire others to do the actual service.
Established: 1992
First Unit Franchised: 2011
Franchised Units: 50
Company Owned Units: 1
States Registered In: California, Virginia, Minnesota, Washington, Wisconsin, Maryland
Cash Investment: $35,000
Total Investment: $42,500 - $49,400
Minimum Net Worth: $75,000
Franchise Fee: $34,900
Royalty: $0/month for months 1-6; $600/month for months 7-12; $800/month for year 2; $1.000/month for year 3; $1,250/month for years 4-15
Average Number of Employees: 2-5
Passive Ownership: Yes
Home Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Financial Assistance Provided: No
Training: 80 hours of "hands on" training in Sarasota, Florida for 2 people. Training includes: office management, customer management software program, marketing program and systems, field estimating and grout and tile restoration and repair procedures and techniques.
Typically, the owner will meet their field technicians in the morning, collect the work orders and payments from the previous day's jobs, and disperse the technicians' work for the current day. The franchisee will spend his/her day doing demonstrations and estimates and obtaining new work if the franchisee starts out as an owner/technician. He/she would do estimates one to two days a week and complete the jobs the remaining three to four days. Our most successful franchisees have good communication and sales skills.
