Comet Cleaners
Dry cleaning and laundry services

About
Founded

1947

Franchising Since

1967 (51 Years)

Corporate Address

406 W. Division St.
Arlington, TX 76011

CEO

Jack Godfrey Jr.

Financial Requirements
Initial Investment

$570,000 - $979,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

5%

Financing Options

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

Veteran Incentives

$10,000 off franchise fee

Support Options
Ongoing Support

Grand Opening

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Ad Templates

Website development

On-The-Job Training:

111 hours

Classroom Training:

15 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

4 - 6

Bio
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.
Cost
Initial Investment: Low - $570,000 High - $979,000
Units
-4.4%-8 UNITS (1 Year) -16.7%-35 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units in the following regions/states:
Arkansas, Arizona, Colorado, Florida, Georgia, Idaho, Kansas, Kentucky, Missouri, New Mexico, Nevada, Ohio, Oklahoma, Tennessee, Texas, Utah, Midwest, South, Southeast, Southwest, West, Mexico
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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 14th, 2018
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