Start-Up Costs and Fees |
||
| Hangers Cleaners | Restoration DryCleaning | |
| Investment | 750000 - 1500000 | 37400 - 222000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | ||
| Year Founded | 1996 | 1992 |
| Year Franchised | 1998 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hangers Cleaners | Restoration DryCleaning | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Hangers Cleaners | Restoration DryCleaning | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Hangers Cleaners | Restoration DryCleaning | |
| Training | ||
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Internet |
| Marketing | Ad slicks | Co-op advertising, Regional advertising |
| Operations | Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. | 18% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Hangers Cleaners | Restoration DryCleaning | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Franchise Fee | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Royalty Fee | |
| Hangers Cleaners | 4% |
| Restoration DryCleaning | 6% |
| Advertising Fee | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Year Founded | |
| Hangers Cleaners | 1996 |
| Restoration DryCleaning | 1992 |
| Year Franchised | |
| Hangers Cleaners | 1998 |
| Restoration DryCleaning | 2001 |
| Term Of Agreement | |
| Hangers Cleaners | 10 years |
| Restoration DryCleaning | 10 years |
| Renewal Fee | |
| Hangers Cleaners | $5K per territory |
| Restoration DryCleaning | 20% initial franchise fee |
Business Experience Requirements |
|
| Experience | |
| Hangers Cleaners | General business experience Marketing skills |
| Restoration DryCleaning | |
Financing Options |
|
| Franchise Fees | |
| Hangers Cleaners | No |
| Restoration DryCleaning | No |
| Start-up Costs | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Equipment | |
| Hangers Cleaners} | |
| Restoration DryCleaning | |
| Inventory | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Receivables | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Payroll | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
Training & Support |
|
| Training | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Support | |
| Hangers Cleaners | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Restoration DryCleaning | Newsletter, Meetings, Toll-free phone line, Internet |
| Marketing | |
| Hangers Cleaners | Ad slicks |
| Restoration DryCleaning | Co-op advertising, Regional advertising |
| Operations | |
| Hangers Cleaners | Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. |
| Restoration DryCleaning | 18% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| Canada Expansion | |
| Hangers Cleaners | |
| Restoration DryCleaning | |
| International Expansion | |
| Hangers Cleaners | Canada, |
| Restoration DryCleaning | |