Lapels vs Pressed4Time Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Lapels vs Pressed4Time including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Lapels Franchise
Pressed4Time Franchise
Investment $86,502 - $710,122$31,260 - $37,995
Franchise Fee $20,000 - $30,000$24,900
Royalty Fee 5%4-6%
Advertising Fee 2%-
Year Founded 20001987
Year Franchised 20011990
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $5K10% of current franchise fee


Business Experience Requirements
 
Lapels Franchise
Pressed4Time Franchise
Experience
  • General business experience
  • Customer service skills
    		• -

    Financing Options
     
    Lapels Franchise
    Pressed4Time Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Lapels Franchise
    Pressed4Time Franchise
    Training 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 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 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: 4

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Lapels Franchise
    Pressed4Time Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Lapels

    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.

    Veteran Incentives  20% off franchise fee

    "Entrepreneur
    #394 in Franchise 500 for 2020.

    About Pressed4Time

    Los Angeles area accountant Ken Levinson watched as dozens of his co-workers flocked to the parking lot to make a purchase from the food truck. Levinson realized there were many products and services that could be brought to workplaces in the same way. He decided to start a dry cleaning pick-up and delivery system, founding Pressed4Time in 1987. Pressed4Time franchisees set up pick-up and drop-off schedules with local businesses, delivering clothing and other items to local dry cleaners where they are cleaned, mended or altered. The company also collects shoes, handbags and luggage for repairs.
    The convenience of pick up and delivery dry cleaning combined with superior customer service ensures your satisfaction.