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Home >> Services-General >> Dry Cleaning/Laundry
| Comet One-Hour Cleaners 406 W. Division St. Arlington, TX 76011 |
Submit an online form to receive information from Comet One-Hour Cleaners.
|
Business Description
We offer a turn-key opportunity in the laundry and dry-cleaning business. Site evaluation, complete training and installation are just a few of the services that COMET offers. There is a franchise fee of $250 per month required, as opposedto other franchisors that require a percent of your gross income per year.
Franchisor Background
Year Established: 1960
Franchising Since: 1967
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California
Financial Requirements
Average Number of Employees: 6 Full-time, 2-3 Part-time
Space Needs (in square footage): 1,800-2,000
Preferred Sites: Strip Center
Other Sites:
Encourage Conversions? No
Earnings Claims Provided?: No
We offer a turn-key opportunity in the laundry and dry-cleaning business. Site evaluation, complete training and installation are just a few of the services that COMET offers. There is a franchise fee of $250 per month required, as opposedto other franchisors that require a percent of your gross income per year.
Franchisor Background
Year Established: 1960
Franchising Since: 1967
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 330 | 96.8% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 11 | 3.2% | |||||||||||||||||||||||||||||
Total Operating Units: | 341 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Arkansas | 30 |
| 2. Indiana | 17 |
| 3. Texas | 206 |
Registered in Following Registration States: California
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $80K |
| Cash Investment: | $80-100K |
| Total Investment: | $200-400K |
| Average Total Investment: | $300K |
| Fees: | |
| Initial Franchise Fee: | $25K |
| Average Franchise Fee: | $25K |
| On-Going Royalty: | 0% |
| Average Royalty: | 0% |
| Advertising Fee: | NA |
Space Needs (in square footage): 1,800-2,000
Preferred Sites: Strip Center
Other Sites:
Encourage Conversions? No
Earnings Claims Provided?: No
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 4 | ||||||||
| General Business Experience: | 4 | ||||||||
| Specific Industry Experience: | 1 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 3 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 5/5/5 Year(s) | ||||||||
| Term of Renewal Period: | Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | No | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | 12 | ||||||||
| Site Selection Assistance? | Yes | ||||||||
| Lease Negotiation Assistance? | Yes | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Not Applicable | ||||||||
| Field Operation Evaluation: | At Additional Cost | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Waco, TX | 1 Week | ||||||||
| 2. Store | 1 Week | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Comet One-Hour Cleaners.
|
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