Zips Dry Cleaners

At a Glance

Products & Services: Dry cleaning

Number of Locations: 38

Total Investment: $737.1K - $952.5K

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
2014 37 0 0 1
2013 33 0 0 1
2012 35 0 0 1
2011 28 0 0 0
2010 24 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $737,050 - $952,500
Franchise Fee: $50,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: Term of agreement not renewable
Veteran Incentives: 20% off franchise fee
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $250,000 - $300,000
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

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

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