Comet Cleaners
Dry-cleaning and laundry services

About
Founded

1947

Franchising Since

1967 (52 Years)

Corporate Address

406 W. Division St.
Arlington, TX 76011

CEO

Jack Godfrey Jr.

Financial Requirements
Initial Investment

$93,000 - $890,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees
Initial Franchise Fee

$15,000 - $30,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

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

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Ad Templates

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

111 hours

Classroom Training:

15 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

4 - 6

Bio
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.
Cost
Initial Investment: Low - $93,000 High - $890,000
Units
-6.9%-12 UNITS (1 Year) -11.4%-21 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, 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 30th, 2019