Hangers Cleaners Franchise

Environmentally friendly dry cleaning

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NO LONGER FRANCHISING: If this is a mistake please contact our Franchise Support for update.
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, franchisees 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.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Hangers Cleaners, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Hangers Cleaners website.

How much does it cost to open a Hangers Cleaners Franchise ?

The investment required to open a Hangers Cleaners Franchise is between $750,000 - $1,500,000 . There is an initial franchise fee of $50,000 which grants you the license to run a business under the Hangers Cleaners name.

Individual Franchise Costs

  • Initial Investment:
    $750,000 -
  • Initial Franchise Fee:
    $50,000
  • Royalty Fee:
    4%
  • Term of Agreement:
    10 years
  • Renewal Fee:
    $5K per territory

Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Support
Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Marketing
Ad slicks

Hangers Cleaners Growth History

When did the first Hangers Cleaners open? 1996
When did Hangers Cleaners start Franchising ? 1998

Year U.S.A. 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

Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed.

General business experience Marketing skills

Canada,



How much does a Hangers Cleaners Franchise owner make?

How much money you could make as a Hangers Cleaners Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Hangers Cleaners Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$50,000 - $1,500,000
Initial Franchise Fee
$50,000
Royalty Fee
4%
Term of Agreement
10 years
Renewal Fee
$5K per territory
Hangers Cleaners Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Hangers Cleaners and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Hangers Cleaners franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.