Start-Up Costs and Fees |
||
| Hangers Cleaners | The Eco Laundry Company | |
| Investment | 750000 - 1500000 | 229700 - 350000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 6% |
| Advertising Fee | Up to 2% | |
| Year Founded | 1996 | 2010 |
| Year Franchised | 1998 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hangers Cleaners | The Eco Laundry Company | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Hangers Cleaners | The Eco Laundry Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hangers Cleaners | The Eco Laundry Company | |
| Training | 2 weeks at Eco Laundry Lab & 1 week onsite | |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Ad slicks | |
| Operations | Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Hangers Cleaners | The Eco Laundry Company | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Franchise Fee | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Royalty Fee | |
| Hangers Cleaners | 4% |
| The Eco Laundry Company | 6% |
| Advertising Fee | |
| Hangers Cleaners | |
| The Eco Laundry Company | Up to 2% |
| Year Founded | |
| Hangers Cleaners | 1996 |
| The Eco Laundry Company | 2010 |
| Year Franchised | |
| Hangers Cleaners | 1998 |
| The Eco Laundry Company | 2015 |
| Term Of Agreement | |
| Hangers Cleaners | 10 years |
| The Eco Laundry Company | |
| Renewal Fee | |
| Hangers Cleaners | $5K per territory |
| The Eco Laundry Company | |
Business Experience Requirements |
|
| Experience | |
| Hangers Cleaners | General business experience Marketing skills |
| The Eco Laundry Company | |
Financing Options |
|
| Franchise Fees | |
| Hangers Cleaners | No |
| The Eco Laundry Company | No |
| Start-up Costs | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Equipment | |
| Hangers Cleaners} | |
| The Eco Laundry Company | |
| Inventory | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Receivables | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Payroll | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
Training & Support |
|
| Training | |
| Hangers Cleaners | |
| The Eco Laundry Company | 2 weeks at Eco Laundry Lab & 1 week onsite |
| Support | |
| Hangers Cleaners | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| The Eco Laundry Company | |
| Marketing | |
| Hangers Cleaners | Ad slicks |
| The Eco Laundry Company | |
| Operations | |
| Hangers Cleaners | Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. |
| The Eco Laundry Company | |
Expansion Plans |
|
| US Expansion | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| Canada Expansion | |
| Hangers Cleaners | |
| The Eco Laundry Company | |
| International Expansion | |
| Hangers Cleaners | Canada, |
| The Eco Laundry Company | |