Zips Dry Cleaners

At a Glance

Products & Services: Dry cleaning

Number of Locations: 40

Total Investment: $769.5K - $1M

Founded: 1996

Began Franchising: 2006

About Zips Dry Cleaners

Zips Dry Cleaners began when eight Baltimore-Washington area dry cleaners came together as a buying collective to help cut costs. In addition to adopting the name Zips and polling their advertising funds, they agreed to all offer same-day dry cleaning for $1.99 per garment. The collective began franchising the Zips concept in 2006.

Franchise Units

Year U.S. Canadian International Company Owned
2015 39 0 0 1
2014 37 0 0 1
2013 33 0 0 1
2012 35 0 0 1
2011 28 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $769,500 - $1,017,000
Franchise Fee: $50,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $400,000
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #325 (2012), #455 (2011),