Question 1

How much does it cost to open a Steamatic franchise?

Accepted Answer

The total initial investment for a Steamatic franchise ranges from $222K to $445K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Steamatic franchise fee?

Accepted Answer

The initial franchise fee for Steamatic is $55K.

Question 3

What are the net worth requirements for a Steamatic franchise?

Accepted Answer

Net worth requirements for Steamatic are specified in the Franchise Disclosure Document.

Question 4

Does Steamatic require a personal guarantee?

Accepted Answer

Yes, Steamatic requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Steamatic franchise?

Accepted Answer

Equipment costs for a Steamatic franchise range from $61K to $84K.