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Franchise: Comet Cleaners

Initial Investment
LOW:$93,000
HIGH: $864,250
Change in Units
-0.5% -1 UNITS (1 Year)
-16.8% -37 UNITS (3 Years)

Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Internet
Field Operations

Training Onsite: 14 days

Absentee Ownership Allowed

Number of employees required to run: 10

About Comet Cleaners

R.L. (Jack) Godfrey founded the original Comet Cleaners in 1960. Today, the family-run company, under the direction of Godfrey’s son and grandson, has over 300 location in the United States and Mexico providing one-hour dry cleaning services.

Founded

1947

Franchising Since

1967 (50 Years)

Corporate Address

406 W. Division St. Arlington, TX 76011

CEO

Jack Godfrey Jr.

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new units internationally.

Financial Requirements

Initial Investment

$93,000 - $864,250

Net-worth Requirement

$200,000

Liquid Cash Requirement

$50,000

Ongoing Fees

Initial Franchise Fee

$15,000 - $30,000

Ongoing Royalty Fee

5%

Financing Options

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

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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: September 11th, 2017

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