The Grout Medic Initial Franchise Investment
If you have been searching for the right business opportunity, you undoubtedly have found many national franchises with a large initial investment and working capital requirements. Our franchise fees are comparatively less expensive. However, you still receive the kind of top-tier benefits that only a national brand with a proven history of success in a growing market can provide. With The Grout Medic, your dream of owning a profitable franchise at a reasonable cost is now within reach.
Our Initial Package
Our Initial Franchise Package comprises everything you’ll need to start your business including training, equipment, exclusive territories, marketing support, national contract pricing, full-time support staff, annual regional meetings and more. All of our territories are exclusive to each Grout Medic franchise, ensuring that your hard work will not be undermined. Franchise owners benefit from comprehensive training, ongoing support for the life of your business, and national brand recognition. These features make The Grout Medic package an exceptional value that will position you to quickly take control of your career and build a business with longevity.
The Grout Medic, LLC actively seeks highly qualified individuals and businesses in the home and commercial improvement sectors to become franchisees. Prior business experience, financial qualifications, team spirit and a track record of successes are all important. If you meet these qualifications, and would like further information, click here to complete a Pre-Qualification Questionnaire, or briefly fill out the contact information on the right hand side.
Item 7 Disclosure
As you evaluate the idea of a The Grout Medic franchise, there are a few things our lawyers want us to point out. The estimated initial investment information can be found here, in an item called the Item 7 Disclosure, as of 2019.
ESTIMATED INITIAL INVESTMENT
|TYPE OF EXPENDITURE||AMOUNT (LOW/ HIGH)||METHOD OF PAYMENT||WHEN DUE||TO WHOM PAYMENT IS TO BE MADE|
|Initial Franchise Fee1; (unless you are a Business Conversion, Below)||$17,500/$19,500||Lump sum||On signing the Franchise Agreement||Grout Medic|
|Initial Franchise Fee for a Business Conversion1||$15,500/$17,500||Lump sum||On signing the Franchise Agreement||Grout Medic|
|Travel and Living Expenses2||$1,300/ $2,250||As incurred||During training||Airlines, Hotels, Restaurants, etc.|
|Real Estate3||Not Applicable||Not Applicable||Not Applicable||Not Applicable|
|Vehicle Decoration||$600/$2,500||As determined by Vendors||Prior to opening||Supplier of branded Grout Medic logo package and local installer|
|Insurance4||$600/$1,200||As determined by vendors||As determined by vendors||Insurance providers, agents or brokers.|
|Legal and Accounting fees||$1,000/$1,500||As incurred||Prior to opening||Attorneys and/or accountants|
|Opening Inventory||$50/$500||As incurred||Prior to opening||Outside Suppliers for purchase of grout, sealer, stains and cleaners|
|Advertising5||$4,500/$9,000||As incurred||Prior to opening and first 3 months||Vendors|
|Computer Equipment and Software6||$0/$1,000||As determined by Vendors||Prior to opening or as arranged with Vendors||Computer Store|
|Office Furniture and Equipment||$0/$1,000||As determined by Vendors||Prior to opening or as arranged with Vendors||Outside Vendors|
|Bookkeeping7||$300/$750||By direct debit||Monthly during the first 3 months||Designated vendor or software provider|
|Employees’ Payroll8||$0/$11,250||Bi-weekly||As earned||Employees, if you choose to hire any in your initial period|
|Additional Funds (3 Month Initial Phase)9||$2,150/$3,550||As incurred||As incurred||Outside Vendors and Us|
|Estimated Business Conversion Totals:||$26,000/$52,000|
Tiered Rate Royalties
Our tiered royalty model is designed to allow YOU to benefit from your work and growth — not us. While many franchise opportunities may take between 18 and 36 months to become profitable, many Grout Medic franchisees experience positive operating cash flow by their second month in business. Our franchise operations are delivered complete; a turn-key operation ready to satisfy waiting customers with superior service and results.
Start Your New Business Today!
Make your mark in a multi-million dollar industry, ripe for committed entrepreneurs who want more control over their financial futures. With The Grout Medic, you can minimize your risk and maximize your rewards. Contact us today to find out how to take control of your career with a Grout Medic franchise of your own.