- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$93K - $890K
- Units as of 2019
-
152 16% over 3 years
Company Overview
About Comet Cleaners
| Industry | Services (Other) |
|---|---|
| Related Categories | Dry Cleaning & Laundry Services |
| Founded | 1947 |
| Leadership | Jack Godfrey Jr., CEO |
| Corporate Address |
406 W. Division St. Arlington, TX 76011 |
| Social | Facebook, Twitter, Instagram |
Business Overview
| Franchising Since | 1967 (57 years) |
|---|---|
| # of employees at HQ | 3 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 152 (as of 2019) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Comet Cleaners franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$15,000 - $30,000 |
|---|---|
|
Initial Investment
|
$93,000 - $890,000 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$150,000 |
|
Veteran Incentives
|
$10,000 off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Comet Cleaners has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 111 hours |
|---|---|
| Classroom Training | 15 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
|
| Marketing Support |
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 4-6 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Comet Cleaners landed on this year's Franchise 500 Ranking versus previous years.
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