Hangers Cleaners Franchise
Tuesday, April 27, 2010 at 05:50PM Environmentally friendly dry cleaning
Founded by a chemistry professor in 1996 and now owned by Cool Clean Technologies Inc., Hangers Cleaners Inc. is an environmentally-friendly dry cleaning franchise. Stores use a carbon dioxide-based technology that is nonpolluting and safe for fabrics including Lycra, Spandex, down comforters and stuffed animals. Because no harsh solvents are used, franchise business owners do not have to worry about issues such as zoning restrictions, regulatory paperwork and insurance, or taxes for hazardous waste disposal.
The company's Hangers Express Service offers a personalized, bar-coded Hangers bag; 24-hour drop-off; and both walk-in and drive-through service.
Start-up Costs & Franchises Fees
What is the total cost to open a Hangers Cleaners Franchises?
Total Cost: $750,000 USD -$1,500,000 USD
Total Franchise Fees: $50,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $5K per territory
Contact Information for Hangers Cleaners
|
Hangers Cleaners Inc. |
Toll Free: (866)262-9274 |
Historical Expansion
In what year did Hangers Cleaners begin operations? 1996
When did Hangers Cleaners begin selling franchises? 1998
Year United States Canada International Corporate 2003 60 3 0 0 2002 51 0 0 0 2001 51 0 0 2 2000 29 0 0 0 1999 7 0 0 0
Future Expansion
Countries of Interest: Canada,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 20
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing 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