Start-Up Costs and Fees |
||
| Nu-Look 1 Hr. Cleaners | The Eco Laundry Company | |
| Investment | 221500 - 1218500 | 229700 - 350000 |
| Franchise Fee | 0 | |
| Royalty Fee | 2% | 6% |
| Advertising Fee | Up to 2% | |
| Year Founded | 1967 | 2010 |
| Year Franchised | 1967 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Nu-Look 1 Hr. Cleaners | The Eco Laundry Company | |
| Experience | General business experience | |
Financing Options |
||
| Nu-Look 1 Hr. Cleaners | The Eco Laundry Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nu-Look 1 Hr. Cleaners | The Eco Laundry Company | |
| Training | 2 weeks at Eco Laundry Lab & 1 week onsite | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Nu-Look 1 Hr. Cleaners | The Eco Laundry Company | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Franchise Fee | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Royalty Fee | |
| Nu-Look 1 Hr. Cleaners | 2% |
| The Eco Laundry Company | 6% |
| Advertising Fee | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | Up to 2% |
| Year Founded | |
| Nu-Look 1 Hr. Cleaners | 1967 |
| The Eco Laundry Company | 2010 |
| Year Franchised | |
| Nu-Look 1 Hr. Cleaners | 1967 |
| The Eco Laundry Company | 2015 |
| Term Of Agreement | |
| Nu-Look 1 Hr. Cleaners | 20 years |
| The Eco Laundry Company | |
| Renewal Fee | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
Business Experience Requirements |
|
| Experience | |
| Nu-Look 1 Hr. Cleaners | General business experience |
| The Eco Laundry Company | |
Financing Options |
|
| Franchise Fees | |
| Nu-Look 1 Hr. Cleaners | No |
| The Eco Laundry Company | No |
| Start-up Costs | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Equipment | |
| Nu-Look 1 Hr. Cleaners} | |
| The Eco Laundry Company | |
| Inventory | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Receivables | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Payroll | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
Training & Support |
|
| Training | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | 2 weeks at Eco Laundry Lab & 1 week onsite |
| Support | |
| Nu-Look 1 Hr. Cleaners | Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives |
| The Eco Laundry Company | |
| Marketing | |
| Nu-Look 1 Hr. Cleaners | Co-op advertising, Ad slicks, Regional advertising |
| The Eco Laundry Company | |
| Operations | |
| Nu-Look 1 Hr. Cleaners | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| The Eco Laundry Company | |
Expansion Plans |
|
| US Expansion | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| Canada Expansion | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |
| International Expansion | |
| Nu-Look 1 Hr. Cleaners | |
| The Eco Laundry Company | |