Pressed4Time Inc.

#481

At a Glance

Products & Services: Dry cleaning pickup & delivery, shoe repair

Number of Locations: 124

Total Investment: $35.91K - 44.81K

Founded: 1987

Began Franchising: 1990

Private Owned

About Pressed4Time Inc.

Los Angeles area accountant Ken Levinson watched as dozens of his co-workers flocked to the parking lot to make a purchase from the food truck. Levinson realized there were many products and services that could be brought to workplaces in the same way. He decided to start a dry cleaning pick-up and delivery system, founding Pressed4Time in 1987.

Pressed4Time franchisees set up pick-up and drop-off schedules with local businesses, delivering clothing and other items to local dry cleaners where they are cleaned, mended or altered. The company also collects shoes, handbags and luggage for repairs.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	124	0	0	0
2010	134	2	0	0
2009	140	2	0	0
2008	150	2	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $35,910 - $44,810
Franchise Fee: $29,900
Ongoing Royalty Fee: 3-6%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Liquid Cash Available: $45,000

Operations

Franchise can be run from home. 10% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: 3 days. Follow-up at franchisee's location for 1 day

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Ad slicks,

Other marketing support: Marketing materials, PR program