COIT
Industrial & Commercial Services · Commercial Cleaning & Restoration
- Active units
- 40
- Avg unit volume
- $1.1M
- Royalty
- 7.0%
Franchised, year-end 2023
of weekly Net Sales
About COIT
COIT Cleaning is a well-established brand that began its journey in San Francisco in 1950. Today, it has grown into a nationwide franchise with offices in 31 of the top 50 markets. With over 70 years of experience, COIT Cleaning is dedicated to providing excellent service for both homes and businesses. COIT Cleaning offers a wide range of cleaning services to meet the needs of their customers. For homes, they specialize in cleaning air ducts, area rugs, carpets, drapery and blinds, dryer vents, furniture, natural stone, tile and grout, and wood floors. They also provide restoration services for fire and smoke damage, mold remediation, and water damage. For businesses, COIT Cleaning offers services such as deep cleaning for air ducts, area rugs, carpets, concrete, drapery and blinds, furniture, natural stone, stage drapes and fireproofing, tile and grout, and wood floors. Throughout their history, COIT Cleaning has constantly evolved and expanded their services, incorporating innovative techniques and equipment. Their commitment to quality has remained unchanged, making them a trusted choice for all your cleaning and restoration needs.
Key terms
- Multiple COIT Franchises discount
Initial Franchise Fee discounted by 30% off the Base Fee plus per-household amount for additional territories
- Franchisee Ownership Program (employee credit)
Employees earn $5,000 per year of employment (vests at 36 months) up to $50,000 credit toward the franchise fee
- Brand fund
2.0% of Net Sales
- Local advertising
10.0% of Net Sales
Brand Percentile Rankings
Growth
- Total locations40
Franchised units open at year-end
- New openings2
Gross new units opened during the calendar year
- 1-year unit growth rate5.3%
Net unit growth versus prior year
- 3-year unit CAGR2.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio2.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$1.1M
Average based on 37 U.S. franchises open the full 12 months in 2023.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$144k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open4 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio7.4×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.