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Comet One-Hour Cleaners
406 W. Division St.
Arlington, TX 76011
800#:
Tel: (817) 461-3555
Fax: (817) 861-4779
E-Mail: [email protected]
Web Site: www.cometcleaners.com
Contact: Mr. Jack D. Godfrey, Jr., President
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 opposed to other franchisors that require a percent of your gross income per year.
Franchisor Background
Established: 1960
First Franchise: 1967
Franchise Units: 330
Company-Owned Units: 11
Total Units: 341
Distribution:
U.S. -- 332;
Canada -- 0;
International -- 9
-North America -- Operations in 15 States
-States/Provinces with Greatest Density: 206 in TX, 30 in AR, 17 in N
Projected New Units Over Next 12 months: 20
Franchisee Qualifications: 4, 4, 1, 3, 3, 4
(Click here for an explanation)
Registered in Following Registration States: CA (Click here for an explanation)
Average Number of Employees: 6 FT, 2-3 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,800-2,000 SF; SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $80-100K
Total Investment: $200-400K
Average Total Investment: $300.0K
Minimum Net Worth: $80K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 0%
-Average Royalty: .0%
-Advertising: NA
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: No
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 12
On-Going Support: c,d,D,E,G,H,I (Click here for an explanation)
Training: 1 Week in Waco, TX; 1 Week in Store.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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