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Comet Cleaners

2014 Franchise 500
#486
At a Glance

Products & Services: Dry cleaning and laundry services

Number of Locations: 210

Total Investment: $84K - $739K

Founded: 1947

Began Franchising: 1967

About Comet Cleaners

R.L. (Jack) Godfrey founded the original Comet Cleaners in 1960. Today, the family-run company, under the direction of Godfrey's son and grandson, has over 300 location in the United States and Mexico providing one-hour dry cleaning services.

Franchise Units

Year U.S. Canadian International Company Owned
2014 201 0 9 0
2013 209 0 11 0
2012 235 0 11 0
2011 247 0 11 0
2010 250 0 11 0
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arkansas, Arizona, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Missouri, Midwest, New Mexico, Nevada, Ohio, Oklahoma, South, Southeast, Southwest, Tennessee, Texas, Utah, West.
Franchisor is seeking new units in Mexico, South America.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $84,000 - $739,000
Franchise Fee: $15,000 - $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $50,000
Operations
55% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks,

Franchise Ranking History

Franchise 500®: #486 (2014), #396 (2013), #346 (2012),
America's Top Global: #160 (2014),

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