Comet Cleaners Franchise
Friday, April 23, 2010 at 09:17PM One-hour dry cleaning
R.L. (Jack) Godfrey founded the original Comet Cleaners in 1960. Today, the family-run company, under the direction of Godfrey's son and grandson, has over 300 location in the United States and Mexico providing one-hour dry cleaning services.
Start-up Costs & Franchises Fees
What is the total cost to open a Comet Cleaners Franchises?
Total Cost: $237,500-$472,000 USD
Total Franchise Fees: $25,000 USD -$50,000 USD
Ongoing Royalty Fees: 0
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Comet Cleaners
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Comet Cleaners |
Phone Number: (817)461-3555 |
Comet Cleaners In the Press
No results at this time.Historical Expansion
In what year did Comet Cleaners begin operations? 1947
When did Comet Cleaners begin selling franchises? 1967
Year United States Canada International Corporate 2004 284 0 10 15 2003 320 0 10 15 2002 329 0 12 12 2001 329 0 12 13 2000 333 0 12 12
Future Expansion
United States: Arkansas, Arizona, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Missouri, New Mexico, Nevada, Ohio, Oklahoma, Tennessee, Texas, Utah,
Countries of Interest: Mexico,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): various lenders
Training & Support
Support
In the Pressletter, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 10
Absentee ownership of franchise is allowed. (75% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes