Business Description

Retail dry cleaner.

Franchisor Background

Year Established:  1967

Franchising Since:  1967

Operating Units:
Franchised Units:	50	94.3%
Company-Owned Units:	3	5.7%
Total Operating Units:	53	100.0%
Geographic Distribution: U.S.: 41 77.4% In 4 States Canada: 0 0% In 0 Canadian Provinces International: 12 22.6% In 0 Foreign Countries   Total: 53 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Virginia	10
2. Maryland	12
3. Florida	24

Registered in Following Registration States: Florida, Maryland, Virginia

Financial Requirements

Investment:
Minimum Net Worth:	$150K
Cash Investment:	$45-75K
Total Investment:	$125-200K+
Average Total Investment:	$162K
Fees:
Initial Franchise Fee:	$20K
Average Franchise Fee:	$20K
On-Going Royalty:	2%
Average Royalty:	2%
Advertising Fee:	3%

Average Number of Employees: 2 Full-time, 2 Part-time

Space Needs (in square footage): 1,200-1,400

Preferred Sites: Free-standing Building, Strip Center

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	2
General Business Experience:	4
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	3
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	20 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	4
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:	Included in Fees
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:	Not Applicable
Training:
1. Deerfield Beach, FL	4 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 25 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, All Countries	Request Franchisor Info   Submit an online form to receive information from Nu-Look 1-Hr. Cleaners.