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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$93K - $890K
Units as of 2019
152 -16.9% over 3 years

Company Overview

Though Comet Cleaners was not officially incorporated until 1957, its history dates back to the 1920's when founder R.L. "Jack" Godfrey opened his first dry cleaning store. Comet Cleaners has remained in the Godfrey family, with Jack Godfrey Jr. becoming the third generation to own and operate the franchise.

About Comet Cleaners

Industry
Services (Other)
Related Categories
Dry Cleaning & Laundry Services
Founded
1947
Leadership
Jack Godfrey Jr., CEO

Franchising Overview

Franchising Since
1967 (54 years)
# of employees at HQ
3
Where seeking

This company is seeking new franchisees in the following US states: Arkansas, Arizona, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Missouri, New Mexico, Nevada, Ohio, Oklahoma, Tennessee, Texas, Utah

This company is seeking new franchisees in the following international regions: Mexico

# of Units
152 (as of 2019)

Franchisor Information

Corporate Address
406 W. Division St.
Arlington, TX 76011

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Comet Cleaners franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$15,000 - $30,000
Initial Investment
$93,000 - $890,000
Net Worth Requirement
$500,000
Cash Requirement
$150,000
Veteran Incentives
$10,000 off franchise fee
Royalty Fee
5%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Comet Cleaners has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
111 hours
Classroom Training
15 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
4
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Comet Cleaners landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021