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Comet Cleaners

2014 Franchise 500
#486
At a Glance

Products & Services: Dry cleaning and laundry services

Number of Locations: 220

Total Investment: $79K - $624K

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
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.

Startup Costs, Ongoing Fees and Financing

Total Investment: $79,000 - $624,000
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),

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