|
Below is an in-depth analysis and side-by-side comparison of Dryclean USA vs Tide Cleaners including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $261,500 - $606,500 | $8,000 - $1,573,300 |
Franchise Fee | $30,000 | $20,000 - $50,000 |
Royalty Fee | $6.9K/yr. | 6.5% |
Advertising Fee | - | 2% |
Year Founded | 1976 | 2008 |
Year Franchised | 1978 | 2008 |
Term Of Agreement | 10 years | 10 years +10 |
Term Of Agreement | 10 years | 10 years +10 |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | * An entrepreneurial spirit and strong desire to succeed * The ability to motivate and train people * The ability to manage finances * The willingness to personally devote full-time and best efforts to the day-to-day operation of the dry cleaning business as an on-premises franchisee * The willingness to complete a comprehensive training and evaluation program to become proficient in all aspects of running the dry cleaning business * The ability to meet financial qualifications | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | Available at headquarters, Available at franchisee's location, At Dryclean USA training plant | Our current training program offers approximately two weeks of hands-on experience in operating a Tide Dry Cleaners location at a training facility/on-the-job/on-site and approximately one week of self-directed computer based training. We also provide additional training for your management staff On-The-Job Training: 240 hours Classroom Training: 37 hours |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | An Area Representative may be available for assistance and, if available in your area, will be an integral part of our support in assisting you in your business development. * Tide Dry Cleaners team will provide guidance including standards, specifications and operating procedures, marketing, purchasing equipment and products. A series of manuals are also provided in a franchise website portal that will assist in the operation of your Tide Dry Cleaners. * A newsletter may be provided and may be posted on Tide Dry Cleaners proprietary franchisee website to keep you informed of new management tips, research and development, and important events occurring throughout the Tide Dry Cleaners franchise system. Regional activities are an important part of our continuing education program. This program helps keep franchisees informed on a variety of subjects and provides an opportunity to interact with other franchisees and the Tide Dry Cleaners management team. Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 - 7
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 8 - 22 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |