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Below is an in-depth analysis and side-by-side comparison of Martinizing Dry Cleaning vs Lapels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $419,650 - $730,525 | $86,502 - $710,122 |
Franchise Fee | $69,500 | $20,000 - $30,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 1% | 2% |
Year Founded | 1949 | 2000 |
Year Franchised | 1949 | 2001 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | $1K | $5K |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/No |
Start-up Costs | Yes/No | No/Yes |
Equipment | Yes/No | No/Yes |
Inventory | Yes/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
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Training | On-The-Job Training: 120 hours Classroom Training: 40 hours Additional Training: At existing franchised plant | One of the greatest reasons for Lapels success is our initial training and ongoing support. We will have you train in our training store and then bring that same trainer out to your store for additional training and support. We will be with you during your soft opening to guide you through the day to day operations. On-The-Job Training: 62 hours Classroom Training: 61 hours |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators)
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International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Martinizing Dry Cleaning franchise is well suited for individuals who
typically want to develop multiple units. They wish to work on their
business rather than in their dry cleaning business
Territory
Single and exclusive multi-unit development areas are available to
develop upscale full-service plants, satellite stores, and route service.
Investment
The typical total investment for a Martinizing Dry Cleaning business is $385,000 of which 75% may be financed.
Advantages
You do not need to invent this solid, recession resistant business.
We’ve helped hundreds of individuals just like you achieve their dreams in
the incredibly stable dry cleaning business.
Time Frame
The typical time to open your first dry cleaning store after acceptance of your site is 3 to 6 months.
Financial Requirements
Net worth of $400,000 with liquid assets of $125,000
Franchisee’s Initial Role
Initially you will manage a few employees (typically 4-5) and focus on
providing the ultimate in quality and customer service in growing the
business.
Franchisee’s Long Term Role
Shortly after opening store one you will begin networking within the
market and initiate further growth through additional plants, satellite
stores, and route services.
A Unique Concept in the Dry Cleaning Industry with a Standardized System from Store to Store
* Image & Store Design
* Training and Ongoing Support
* Tested and Proven Marketing Programs
* In-store Customer Loyalty Programs
* A Consistent Customer Experience
* Hours of Operation
* Store Operations Manuals
* Lapels Branded Marketing Materials and Supplies
* Franchisee Participation is Encouraged
* Point-of-Sale Computer System
Lapels Dry Cleaning is a recognized name in dry cleaning. When you own our franchise, you benefit from that name recognition, which helps build your business.
Lapels Franchising has built a track record of helping our franchisees grow their businesses. We get you started and provide ongoing support regardless of where you're located or what challenges you face.
With a Lapels franchise you are in business for yourself but not by yourself. Our corporate team will be right there working with you to assure your success. In addition, you will be working with other franchisees to compare operational procedures and new strategies along the way.
Lapels Dry Cleaning has not only pioneered an innovative dry cleaning store concept but has gone one step further with the establishment of trend setting Quality Control and Wholesaler Liaison positions that are filled by Lapels franchisees, the people at the store level who have day-to-day, hands-on knowledge of what the customer wants.