| ||||
Updated RecentlyHangers Cleaners vs CD One Price Cleaners Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hangers Cleaners vs CD One Price Cleaners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $750,000 - $1,500,000 | $650,000 - $830,000 |
| Franchise Fee | $50,000 | $20,000 |
| Royalty Fee | 4% | 8% |
| Advertising Fee | - | 3% |
| Year Founded | 1996 | 2001 |
| Year Franchised | 1998 | 2005 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $5K per territory | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Ad slicks | - |
| Operations |
Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Hangers Cleaners
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.
About CD One Price Cleaners
CD One Price Cleaners offer a traditional franchise opportunity which requires a cash investment by the Franchise owner of a minimum of $650,000. Consumers know what to expect when they visit a franchised business. For entrepreneurial individuals interested in opening their own business, franchise ownership allows the owner to utilize the proven methods, practices, training, purchasing power, marketing plans and operational know-how of the franchiser, thereby increasing the chance of long term success. Benefits of a franchise for the Franchise Owner: * The brand attracts customers seeking a consistent product or service * Proven marketing strategies and programs to Get and Keep customers * The use of a proven store operating strategy instead of reinventing the wheel from scratch * Detailed initial training programs with well organized operations manuals Ongoing store support programs, District Manager support and mentoring. At CD One Price Cleaners, we understand that finding a franchise that meets your needs can sometimes be a long and difficult process. To assist you in evaluating our franchise opportunity, and assist us in getting to know more about you, we have developed a simple, informative process to follow. Following these steps will make your exploration of our franchise opportunity a little easier and more productive. At the end of this process, if we are both comfortable that the opportunity is a good fit, you may be offered the opportunity to join our system by acquiring own your own franchise. We have both existing and new store opportunities available. We are confident that as you learn more about our organization and proven business methods, you will discover that the CD One Price Dry Cleaner franchise is one exciting and unique business opportunity worthy of your consideration.