What Are My Startup Costs?
The Steamatic franchise cost is more affordable than you think
Despite a high average revenue of just under $1.1 million a year, a Steamatic is a surprisingly affordable business to own. Our investment starts at just over $137,000.
We believe this is a great value when you compare our startup costs with those of other restoration and cleaning franchises for sale. We offer much larger exclusive territories, and our franchisees have the ability to offer a much wider variety of services.
Below is an estimated typical investment range, pulled from our Franchise Disclosure Document:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be made|
|Initial Frachise Fee||$42,000||Lump sum in cash||At signing of Franchise Agreement||Steamatic|
|Technology||$5,000||As incurred cash or|
|As incurred||Suppliers and
|Travel and Living Expenses||$2,000-$3,000||As incurred cash or lease payment||As incurred||Suppliers and Steamatic|
|Insurance||$2,000-$3,000 (for first 3 months)||In cash||Varies - may be lump sum or monthly||Insurance company|
|Cleaning Equipment, Chemical and Supply Packages||$9,000 (Financed Option) $44,900 (Purchased Option)||Lump sum in cash||Prior to delivery||Steamatic|
|Vehicle (3 months)||$8,500 (Financed or Lease option) $28,000 (Purchased Option)||Insallment lease payment||Monthly beginning at execution of lease||Vehicle leasing company|
|Offie Equipment||$1,000-$2,500||As incurred||As incurred||Suppliers|
|Real Estate and Improvements||SEE NOTE|
|Integrated Business Service Fee||$195 per months ($585 for 3 months for up to 10 users)||As incurred in cash||As incurred||Steamatic|
|Xactware License Fee||$125 per month (3 months - $375)||As incurred||As incurred||Xactware|
|Website Fee||A monthly charge of $230 (3 months - $690)||As incurred||As incurred||Steamatic|
|Miscellaneous Expenses||$9,000-$14,000||As incurred in cash||As incurred||Suppliers, Utility Companies|
|Additional Funds - for 3 Months||$20,000||As incurred in cash||As incurred||Suppliers, Utility Companies, Employees|
|Total with Finance Options||$73,150-$98,150|
Your actual investment may vary depending on your own business plan, the number of trucks you plan to deploy and your specific market. To learn more about your individual startup costs, fill out the form to download our franchise information report, and we’ll spend time going over these costs with you.