Comet Cleaners
Dry-cleaning and laundry services- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$93K - $890K
- Units as of 2019
-
152 16% over 3 years
Company Overview
About Comet Cleaners
Industry | Services (Other) |
---|---|
Related Categories | Dry Cleaning & Laundry Services |
Founded | 1947 |
Leadership | Jack Godfrey Jr., CEO |
Corporate Address | 406 W. Division St. Arlington, TX 76011 |
Social | Facebook,Twitter,Instagram |
Business Overview
Franchising Since | 1967(56 years) |
---|---|
# of employees at HQ | 3 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 152(as of 2019) |
|
Information for Franchisees
他re's what you need to know if you're interested in opening a Comet Cleaners franchise.
Financial Requirements & Ongoing Fees
他re's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$15,000 - $30,000 |
---|---|
Initial Investment |
$93,000 - $890,000 |
Net Worth Requirement |
$500,000 |
Cash Requirement |
$150,000 |
Veteran Incentives |
$10,000 off franchise fee |
Royalty Fee |
5% |
Ad Royalty Fee |
2% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Comet Cleaners has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 111 hours |
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Classroom Training | 15 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
|
Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
#运行所需的员工 | 4-6 |
Are exclusive territories available? |
Yes |
Franchise 500 Ranking History
Compare where Comet Cleaners landed on this year's Franchise 500 Ranking versus previous years.
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