Sir Grout
Home Services · Restoration Services
- Active units
- 61
- Avg unit volume
- $531k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Sir Grout
This business operates as a mobile, home-based model that serves both residential and commercial customers. Services include grout color sealing, stone honing and polishing, and wood refinishing, as well as slip-resistant applications for various hard surfaces. Franchisees use specialized techniques and products to restore surfaces in kitchens, bathrooms, and outdoor areas. The model focuses on restoration as an alternative to the full replacement of existing materials.
Key terms
- Franchise fee
$60k
- First Responders discount
20% reduction of the Initial Franchise Fee on your first Franchised Business
- Multi-unit discount
25% reduction off the Initial Franchise Fee for the second and additional franchises when purchasing 3 or more at the same time
- Underserved market discount
Up to 10% off the Initial Franchise Fee for hard-to-serve or underserved markets
- Franchise Option Program
Initial Franchise Fee may be waived/refunded; royalty increases for the 10-year term (see Item 6 details)
- Brand fund
500.0% of Net Sales
- Local advertising
3500.0% of Net Sales
- Veteran discount
20.0% off franchise fee — 20% reduction of the Initial Franchise Fee on your first Franchised Business
Brand Percentile Rankings
Growth
- Total locations61
Franchised units open at year-end
- New openings10
Gross new units opened during the calendar year
- 1-year unit growth rate19.6%
Net unit growth versus prior year
- 3-year unit CAGR19.1%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio10.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$531k
Computed mean of 38 franchisees’ 2023 Gross Sales listed in Item 19: total 20,196,388 / 38 = 531,484.
- 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$152k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open2 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio3.5×
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.