Nu-Look 1 Hr. Cleaners

Dry cleaning

Background

Founded: 1967 Franchising since: 1967

5970 S.W. 18th St., #331
Boca Raton, Florida 33433-7197

Phone:
(866)533-0146

Franchisor is a privately-held company with 3 employee(s); 3 employee(s) in franchise department.

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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Via county

Costs and Fees

Total investment: $195K
Franchise fee: $20K

Ongoing royalty fee: 2%
Term of agreement: 20 years, renewable

Type of Financing Available

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

Third-party financing source(s): the SBA, leasing, banks

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $65K
Business Experience:

General business experience

Operations

10% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)