Groutsmith

The Groutsmith is a grout and tile restoration and maintenance business for residential and commercial customers.

Categories: Business Services, Home Improvement, Maintenance & Repair

Concept Description

WHY THE GROUTSMITH?

Looking for a business opportunity you can be proud to call your own?

The home services industry isn’t about reaching out to promote and sell, it’s about offering a professional service to those in need of a solution to their grout and tile restoration needs.

What does that mean for you, the business owner?

Getting involved in a high-demand service industry such as grout and tile restoration means a virtually endless stream of customers as homeowners and business owners in your area find themselves in need of our restoration and repair services on a regular basis.

Combine this with the outstanding line of professional products and tools we supply to our franchise partners, and it’s not hard to see why customers depend on local Groutsmith service providers for each grout and tile restoration project they need completed.

Be a part of a growing, recession-resistant industry

If you’re looking to start a business of your own, but are worried about losing your investment in a fragile industry, grout and tile restoration hasn’t only resisted the recession; it’s grown despite it.

Unlike other industries which rely on a stable economy to ensure customers continue to take interest in their products, grout and tile restoration is a need nearly every homeowner encounters regardless of economic conditions, giving you a steady stream of business while other markets struggle to keep their heads above water.

“Head and shoulders above any competition”

Simply put, our proprietary products speak for themselves when used by a capable professional––a title all of our franchisees can be proud to wear after our discovery and training process.

We also offer a complete line of Groutsmith consumer products formulated to maintain tile, grout, marble, granite and all natural stones. This provides each Groutsmith franchisee a residual income as their customers continue to buy our maintenance products year after year.

Unit Option

Single, Multiple

Background

FDD Franchised Units: 49

Corporate Owned Units: 1

Projected New Units: 3

Year Established: 1992

First Year Franchised: 2010

Type of Business: Franchise

Hours of Operation: Regular Business Hours

Number of Employees: Small (1-5)

History:

With years of experience working in general construction, Jonathan Smith saw an opportunity he couldn’t ignore. Intrigued by the unique work involved with tile and grout repair and restoration, he saw an entire industry going completely ignored by home service professionals who only offered these services as side work.

In 1992, The Groutsmith was established in Sarasota, Florida. With a local brand showing signs of early success, Jonathan and his team got to work developing the business into the tile and grout leader it is today. Seizing the opportunity to improve upon the tile and grout products available at the time, our team began developing its own exclusive line of proprietary products that proved more effective than the leading professional-level cleaning and repair products on the market.

After ten years of continual development and growth, we were confident we had perfected our products and found ourselves in position to expand the business by offering franchising opportunities to others who could introduce this specialized service to communities around the country.

As the economy slipped into recession, however, Jonathan decided to put his plans of franchising on the back burner to avoid putting franchisees at risk of failure simply due to an economy that was too weak to support it.

When economic conditions improved in 2010, we felt the time was right to reach out with a unique home services opportunity serving a steadily growing, high-demand market.

Availability

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Not Available
Available
Focus

Territories: United States

Financials

Liquidity: $35,000

*Investment Range: $42,500 - $49,400

Minimum Net Worth: $100,000 or less

6 Month Cash: $10,001

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

Royalty Description: Structured/Tiered Flat Rate Royalty System: $0 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

Advertising: Local: You must spend a minimum sum of $2,000 per month on local advertising

National Advertising: Currently none.

Ramp-Up: 1 to 3 months

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Passive Ownership Explain: Must hire a General Manager to run daily operations of the business. The General Manager must attend training program.

Available Discounts

  • Veterans

Discount Description: 10% discount for Veterans

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: N/A

Lease Negotiation Assistance: N/A

Length of Training: 80 hours

Training Description:

The Groutsmith offers a comprehensive 80 hour hands on training program, so our franchisees can hit the ground running.

Training program includes:

  • Marketing & advertising training
  • Business management training
  • Record keeping training
  • Tile & Grout restoration procedure training
  • Estimating training
  • Product & supplies training
  • Safety training
  • Customer management system training

We also provide:

  • Ongoing franchisee support 24/7 (phone, email, etc.)
  • Franchisee mentoring
  • Enhancement workshops
  • System wide conference calls
  • Conference

Operational and Marketing Tools:

All franchisees of The Groutsmith have access to our franchisee web portal and CRM.

The Franchises web portal includes:

  • Marketing & Advertising templates (flyers, brochures, mailers, etc.)
  • Vehicle wrap templates
  • Before & after photo gallery
  • Instructional documents & videos
  • Job posting & employee hiring/retention documents
  • Product ordering

For customer relationship management, scheduling, invoicing, and project tracking The Groutsmith utilizes a customized CRM on the Jobber platform, which includes desktop and mobile connectivity for office and field personnel.

Financing Assistance: N/A

Interested in this Concept? Unlock it with the form below.

Presented By:

Brett Ethridge

Legacy Franchise Solutions, LLC

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