Lapels

Dry-cleaning & laundry services

Background

Founded: 2000 Franchising since: 2001

962 Washington St.
Hanover, Massachusetts 02339

Phone:
(866)695-2735

Franchisor is a privately-held company with 4 employee(s); 4 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	40	0	0	0
2008	33	0	0	0
2007	34	0	0	0
2006	30	0	0	0
2005	22	0	0	1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide

Exclusive territories available.
Territory size: Master franchisees buy 10-store territories

Costs and Fees

Total investment: $36.7K-297.2K
Franchise fee: $20K-30K

Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
Business Experience:

General business experience
Customer service skills

Operations

25% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)