Zips Dry Cleaners

Zips Dry Cleaners

Zips Dry Cleaners
Not Ranked

Initial Investment

LOW: $769,050
HIGH: $1,017,500

Change in Units

+5.0% +2 UNITS (1 Year)
+15.0% +6 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1996

Franchising Since

2006 (10 Years)

Corporate Address

7474 Greenway Center Dr., #1200 Greenbelt, MD 20770

CEO

Reid Bechtle

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.

Financials

Financial Requirements

Initial Investment

$769,050 - $1,017,500

Net-worth Requirement

$500,000

Liquid Cash Requirement

$500,000

Ongoing Fees

Initial Franchise Fee

$30,000 - $60,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

4%

Financing Options

Zips Dry Cleaners has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

  • 2011 - 455
  • 2012 - 325

* Not all years were ranked

Units (Locations)

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

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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 15th, 2015

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