Lapels vs The Eco Laundry Company Franchise Comparison

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

Start-Up Costs and Fees
 
Lapels Franchise
The Eco Laundry Company Franchise
Investment $86,502 - $710,122$229,700 - $350,000
Franchise Fee $20,000 - $30,000$30,000
Royalty Fee 5%6%
Advertising Fee 2%Up to 2%
Year Founded 20002010
Year Franchised 20012015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Lapels Franchise
The Eco Laundry Company Franchise
Experience
  • General business experience
  • Customer service skills
    		• -

    Financing Options
     
    Lapels Franchise
    The Eco Laundry Company Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Lapels Franchise
    The Eco Laundry Company 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

    2 weeks at Eco Laundry Lab & 1 week onsite
    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
    The Eco Laundry Company Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    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 The Eco Laundry Company

    Founded in 2010, The Eco Laundry Company is an eco-friendly laundry and dry cleaning company that believes in leaving a positive footprint in the world. Commitment to sustainability and environmental stewardship are built into the DNA of their business model. The world's first laundry company to be certified B Corporation, The Eco Laundry Company's wash and fold use non-toxic biodegradable products and energy efficient machines, and their dry cleaning process is an organic and environmentally friendly alternative compared to traditional dry cleaning. With locations in Buenos Aires, Argentina and New York City, The Eco Laundry Company has franchise opportunities available for qualified candidates. Visit: www.EcoLaundryCompany.com for more information. The initial fee of $30,000 may be discounted for qualified military veterans.