Nu-Look 1 Hr. Cleaners

At a Glance

Products & Services: Dry cleaning

Number of Locations: 18

Total Investment: $195K - $195K

Founded: 1967

Began Franchising: 1967

Franchise Units

Year U.S. Canadian International Company Owned
2011 13 0 5 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $195,000
Franchise Fee: $20,000
Ongoing Royalty Fee: 2%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $65,000
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).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,