406 W. Division St.
Arlington, TX 76011
800#:
Tel: (817) 461-3555
Fax: (817) 861-4779
E-Mail: [email protected]
Web Site: www.comet-cleaners.com
Contact: Mr. Jack D. Godfrey, Jr., Vice 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 only a one-time-per-year franchise fee of $2,000 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: |
333 |
| Company-Owned Units: |
13 |
| Total Units: |
346 |
Distribution:
U.S. -- 329;
Canada -- 0;
International -- 13
> North America -- Operations in 15 States
> States/Provinces with Greatest Density: 212 in TX, 21 in AR, 16 TN
|
| Projected New Units Over Next 12 months: 20 |
| Franchisee Qualifications: 4, 4, 1, 3, 3, 4
(for an explanation
click here) |
| Registered in Following Registration States: CA |
| Average Number of Employees: 6 FT, 2-3 PT (FT = Full Time, PT = Part Time) |
| Space Needs: 1,800-2,000 SF; SC
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$60-100K |
|
| Total Investment: |
$200-300K; |
|
Average Total Investment: |
$250K |
|
| Minimum Net Worth: |
$80K |
|
| Fees: |
Franchise: |
$20K; |
Average Franchise Fee: |
$20K |
|
Royalty: |
0% |
|
Advertising: |
N/A |
| Provide Earning Claim Statement: No
|
Terms of Contract
| Term of Contract (Years): |
5/5/5 |
| Passive Ownership: |
Discouraged |
| Encourage Conversions: |
No |
| Area Development Agreements: |
No |
| Sub-Franchising Contracts: |
No |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
Yes(I) (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
Yes |
| Lease Negotiation Assistance: |
Yes |
| Cooperative Advertising: |
No |
| Franchisee Assoc. / Member: |
Yes/Yes |
| Size Of Corporate Staff: |
12 |
| On-Going Support: |
c,d,D,E,G
(for an explanation click
here) |
| 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.
For a sample questionnaire click here.