4 Reasons Now Is a Great Time for Steamatic Franchise
Steamatic owners benefit from our hub-and-spoke business model, larger territories and cutting edge technology
Determining if a franchise is the right investment for you can be a complex decision. With your hard-earned money at stake, there are a lot of factors to consider.
First, you’ll want to make sure that the business you’re investing in will provide you with a high enough return on investment. Second, you’ll want to know that the business is meaningful enough to be worth lots of your time. Finally, you’ll want to be assured that the business has longevity and will remain relevant in case you eventually decide to sell, scale, or pass it on to your descendants.
Steamatic franchise ticks all the boxes above — and more. Since 1968, Steamatic has been the pioneer restoration and cleaning franchise, providing residential and commercial restoration solutions for water, fire and mold damage around the world. We have a unique hub-and-spoke business model; in addition to restoration, Steamatic also cleans HVAC systems and air ducts, carpets, rugs, furniture, draperies and hard surfaces like stone, tile, hardwoods and countertops. By putting control of your business in your hands, Steamatic frees you to get out and develop the relationships that lead to a thriving, $1-million-plus business.
“Steamatic is like no other franchise in the marketplace,” says Bill Helton, Steamatic Franchise Development Director. “We combine the best of restoration and cleaning services to provide a franchise that remains relevant and generates revenue no matter what the economic climate. Many of our franchisees are second-generation owners, which demonstrates how rewarding and enduring a Steamatic franchise is.”
The time has never been better to invest in a Steamatic franchise. Read on to find out several reasons why now is the prime time for Steamatic franchise ownership.
Steamatic offers a unique hub-and-spoke business model
The basic business model of a restoration franchise is a solid one. No matter what the economic climate, people are always going to need disaster restoration services. Regardless of what’s happening on Wall Street, your washing machine hose can still break, flooding your home and creating immediate need for the sort of services that Steamatic provides. Fires and dangerous mold can strike at any time.
Where Steamatic distinguishes itself from other restoration franchises, however, is that we offer so much more than restoration. We have a unique hub-and-spoke business model that allows our owners to generate consistent revenue in between large restoration projects. We do this by offering services such as carpet cleaning, HVAC/air duct cleaning, furniture and drapery cleaning, and cleaning hard surfaces such as stone and tile.
These are all services that benefit any homeowner and offer the potential for recurring revenue. For instance, a 2015 survey produced by the Institute of Inspection Cleaning and Restoration Certification (IICRC) found that more than 50% of the consumers surveyed thoroughly wash their carpets every year, and 34% said they did so every six months. These services also work to establish relationships with customers, making them more likely to call on us when the need for larger cleaning or restoration projects arises.
Steamatic provides larger, protected territories
A key part of franchise creation is defining the territories that franchisees serve. At Steamatic, we distinguish ourselves from other restoration franchises in that we offer larger, protected territories. Each of these territories serves a population of around 200,000, which is significantly larger than our competitors’ average territory sizes of 60,000 to 90,000.
Offering larger territories benefits franchisees in a variety of ways. For one, it prevents harmful competition between Steamatic franchisees that might arise if the territories were smaller. This allows franchisees to focus on growing their businesses and prevents confusion within the local community about whom to call.
Also, larger territories help franchisees create invaluable referral relationships with local insurance agents, insurance adjusters, property managers, real estate agents, and plumbers. All of these professionals are among our top referral sources for restoration work, and the larger territories ensure that they know exactly whom to contact when something goes wrong.
Steamatic is at the cutting edge of the restoration and cleaning industry
In every industry today, there’s a lot of talk about the importance of leveraging new technology to stay ahead of the competition and offer the customer the best experience possible. At Steamatic, this isn’t just talk. We’ve invested in technology that really makes a difference for our franchisees and customers.
This doesn’t mean claiming that we have machines that can can clean carpet faster or better than the competition. We already provide the utmost quality and speed in the technical side of our services.
We’ve invested in technology that streamlines the account management, invoicing, and documentation processes. Each of our franchisees is equipped with an iPad that contains ClientRunner, a cutting-edge software that allows franchisees and technicians to load information and pictures and send links to insurance companies and businesses. This is where innovation happens in our industry: making sure that we can submit forms to insurance carriers more quickly and efficiently than our competition.
Steamatic is a low cost investment with a high potential ROI
If someone gave you an opportunity that could nearly 10x your investment, what would you do? You’d probably take the opportunity. This is precisely the sort of potential ROI that Steamatic franchise ownership offers. The top third of our franchisees make around $2.2 million each year, and the average owner brings in around $1.1 million annually.
With a business model that is highly scalable via the addition of trucks and staff, maximization of existing services, or even the purchase of additional territories, the only limit on what you can make as a Steamatic franchisee is the amount of work you’re willing to put in. This makes Steamatic franchise one of the most exciting investments around.
Learn more about the Steamatic restoration and cleaning franchise
With an initial investment starting at just over $137,000 and an average annual revenue of just over $1.1 million per franchise, Steamatic is affordable to open and can provide a huge return on investment.
There’s never been a better time to join the Steamatic franchise family. Become part of an iconic brand that has been on the industry forefront for nearly 50 years. To learn more and to start a conversation, fill out a form to download our free franchise report or visit our research pages.