COIT franchise
2024 filing · June 28, 2024Shares sales figures
COIT at a glance
A cleaning business for carpets, rugs, upholstery, window coverings, air ducts and tile, with optional disaster restoration and wood floor services. At the end of 2023 there were 51 COIT locations in the US, 42 franchised and 9 company-owned.
The business
- Franchisor
- COIT Services, Inc
- The company that sells the franchises
- Franchisor based in
- Burlingame, California
What you pay
- Cost to open
- $63K–$192K
- Core services, new franchise
- Franchise fee
- $24K–$40K
- Depends on the number of households in the territory.
- Royalty
- 7%
- The greater of 7% of gross revenues or a monthly minimum of $500 to $1,250 after the first year
- Brand fund
- 1.5%
- 1.5% of gross revenue, paid monthly; it can rise to 2%
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2023
- 51
- Franchised and company-owned
- Franchised
- 42
- Company-owned
- 9
- States
- 26
- Most in California, Ohio and Florida
From COIT Services, Inc’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
COIT among all franchises with the same figure.
| Figure | COIT | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $127,588 | Costs less than 82% of franchises |
| Franchise feePaid once, when you sign | $24,000 | Lower than 88% of franchises |
| RoyaltyShare of sales paid to the franchisor | 7% | Higher than 70% of brands with a set rate |
| US locationsFranchised and company-owned | 51 | More than 65% of franchises |
| Sales per locationYearly, as the brand reports it | $1,066,887 | Higher than 66% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 8.4× | Higher than 95% of brands that share sales figures |
How much a COIT franchise costs
Opening core services, new franchise costs an estimated $63,188 to $191,988. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
Source: COIT Services, Inc, 2024 filing, page 23
COIT franchise fee
The franchise fee is $24,000 to $40,000, Depends on the number of households in the territory.. You pay it when you sign the franchise agreement.
Source: COIT Services, Inc, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | The greater of 7% of gross revenues or a monthly minimum of $500 to $1,250 after the first year. |
|---|---|
| Brand or marketing fund | 1.5% of gross revenue, paid monthly; it can rise to 2%. |
| Extraordinary Software Support Fees | Currently $250 per hour |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: COIT Services, Inc, 2024 filing, pages 13 and 15
Other fees as filed, from page 16. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures COIT publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $1,066,887
- Median sales
- $446,690
Yearly figures for 2023, covering franchised U.S. outlets open all 12 months of 2023 (core services) (37 locations). The average is about 8.4 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: COIT Services, Inc, 2024 filing, page 58
How COIT compares
Of the 57 restoration franchises on this site, COIT is the 3rd cheapest to open and the 28th largest by number of locations.
| Figure | COIT | Typical restoration brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $63K | $152K | $222K |
| Cost to open, high end | $192K | $255K | $477K |
| Franchise fee | $24K | $50K | $40K |
| Royalty | 7% | 7% | 6% |
| Brand fund | 1.5% | 2% | 2% |
| Sales per location | $1.07M | $656K | $794K |
| US locations | 51 | 54 | 21 |
| Change in franchised locations, 0 yrs | +10.5% | +11.4% | – |
| Shares earnings figures | Yes | 44 of 57 | 2,147 of 3,352 |
Typical is the median across the 57 brands in restoration franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 40 (+2) | 9 |
| 2022 | 40 (0) | 9 |
| 2023 | 42 (+2) | 9 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: cleaning franchise costs and franchise failure rates.
Source: COIT Services, Inc, 2024 filing, page 64
Where COIT locations are
At the end of 2023, COIT had locations in 26 states. The most are in California, Ohio and Florida.
- California8
- Ohio6
- Florida4
- Arizona2
- Louisiana2
- Nevada2
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 4 | 4 | 8 |
| Ohio | 6 | 0 | 6 |
| Florida | 4 | 0 | 4 |
| Arizona | 1 | 1 | 2 |
| Louisiana | 2 | 0 | 2 |
| Nevada | 2 | 0 | 2 |
| North Carolina | 2 | 0 | 2 |
| Oregon | 2 | 0 | 2 |
| Tennessee | 2 | 0 | 2 |
| Texas | 1 | 1 | 2 |
All 26 states
| Washington | 2 |
|---|---|
| Colorado | 1 |
| Delaware | 1 |
| Georgia | 1 |
| Illinois | 1 |
| Indiana | 1 |
| Kentucky | 1 |
| Maryland | 1 |
| Minnesota | 1 |
| Missouri | 1 |
| Nebraska | 1 |
| New Jersey | 1 |
| New Mexico | 1 |
| Pennsylvania | 1 |
| South Carolina | 1 |
| Utah | 1 |
Source: COIT Services, Inc, 2024 filing, page 65
Who owns COIT?
COIT franchises are sold by COIT Services, Inc. Its filing names no parent company.
From COIT Services, Inc’s 2024 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: COIT Services, Inc, 2024 filing, litigation on page 11, bankruptcy on page 11
COIT filings
The figures on this page come from COIT Services, Inc’s 2024 filing, issued June 28, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | June 28, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other restoration franchises
All restoration franchises
COIT is also on these lists: cleaning franchises, home service franchises.