Dryclean USA

Dryclean USA

#429

Initial Investment

LOW: $261,500
HIGH: $606,500

Change in Units

+7.6% +32 UNITS (1 Year)
+7.6% +32 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1976

Franchising Since

1978 (38 Years)

Corporate Address

290 N.E. 68th St. Miami, FL 33138

CEO

Michael Steiner

Parent Company

EnviroStar, Inc.

Ticker Symbol

About Dryclean USA

Dryclean USA franchisees use the company's proprietary line of dry cleaning equipment to offer dry cleaning services for clothing and household items, heirlooming, water repellent treatment and alterations. Dryclean USA is a wholly-owned subsidiary of Envirostar Inc., a publically-traded company.

Financials

Financial Requirements

Initial Investment

$261,500 - $606,500

Net-worth Requirement

$250,000

Liquid Cash Requirement

$100,000 - $125,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

$6.9K/yr.

Financing Options

Dryclean USA offers in-house financing to cover the following: franchise fee, startup costs, equipment

Dryclean USA has relationships with third-party sources which offer financing to cover the following: 
inventory, accounts receivable, payroll

Veteran Incentives


25% off franchise fee

Franchise 500® Rank History

  • 2006 - 201
  • 2007 - 396
  • 2009 - 240
  • 2012 - 461
  • 2013 - 409
  • 2014 - 468
  • 2016 - 429

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 1 week

Additional Training: At Dryclean USA training plant

Ongoing Support
Purchasing Co-ops
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 5 - 7

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 1st, 2015

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Previous Years Rankings

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