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| Business Type: Retail Dry Cleaning |
| Industry: Dry Cleaning |
| Minimum Cash Requirement: $25k |
| Total Start-up Investment (cash plus financing): $500k |
| Minimum Net Worth: $150k |
| Business Location: Store Front |
| Market Class: Business to Consumer/Business to Business |
| Business Model: Owner-Operator/Multi-Owner |
The dry cleaning and laundry industry is really the last remaining major service industry in the United States that has yet to go through a national branded franchise transformation. The typical dry cleaner is a mom and pop owner/operator. Since the market is so highly fragmented, most consumers are dissatisfied with their current cleaner. What this franchise does is provide a sadly under serviced customer a modern option for a cleaner. This franchise is known for their Five Points of Distinction. These five points are what makes them different from the mom & pops and gains them market share. The five points are:
As a franchisee, you have different ownership options. You can have a plant facility, a retail drop store, or multiple units. This franchise has developed a solid training and support system. Youll receive training at a local plant or at the corporate facility. They have a great project plan taking you up to your grand opening and through the first six months of operations. They are very focused on supporting your success. The company helps with site selection, inventory purchase, and training for you and your staff. They have worked with a national advertising and marketing agency to build the brand name and all marketing and advertising tools are made available to franchisees. Their support is very good. The total investment is between $62,000 and $112,000 for a retail drop store, and $275,000 to $500,000 for a plant. You need at least 30% liquid funds in order to get into the business. If this business looks to be a fit for you, there might be other business models in other industry verticals that might also be a fit for you. If you are serious about self-employment and finding a company that matches your "ideal model," please click below and fill out the contact form to have one of our industry experts to help you identify "pre-screened" companies that are within your strike zone. Point of Difference / Competitive Advantages
Owner Profile - There is absolutely no need for dry cleaning experience. Successful owners come from backgrounds in:
If this business looks to be a fit for you, there might be other business models in other industry verticals that might also be a fit for you. If you are serious about self-employment and finding a company that matches your "ideal model," please click below and fill out the contact form to have one of our industry experts to help you identify "pre-screened" companies that are within your strike zone. |
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