
Tide Cleaners
Dry cleaning- 2023 Franchise 500 Rank
-
#254 Ranked #76 last year
- Initial investment
-
$704K - $1.5M
- Units as of 2022
-
226 55.9% over 3 years
Tide Cleaners is an American dry cleaning and laundry service company. Founded in 2008, they specialize in reinventing cleaning through service, experience, and technology. After beginning to franchise in 2009, they have grown to over 170 locations across the U.S. They are one of the largest laundry services in the country.
As you run your franchise, you’ll work with a professional and well-trained crew to provide the best service to your community. The perfect candidate for a Tide Cleaners franchisee has a passion for business and making life easier for the community around them.
Why You May Want to Start a Tide Cleaners Franchise
Running a Tide Cleaners franchise means you will be providing several essential services to the community, including wash & fold laundry, weekend cleaning services, alterations, and dry cleaning. Your cleaning company franchise will be responsible for ensuring people have clean, fresh clothes. As a Tide Cleaners franchisee, you will be enabling people to live less stressful lives.
Part of Tide cleaning usually includes an area designated for drop-off and pick up, drive-thru, tailor services, and locker service. Your franchise may be responsible for keeping clothes wearable for much longer. Tide Cleaners strives to make customers’ clothes as bright and put-together as when they first bought them.
What Might Make a Tide Cleaners Franchise a Good Choice?
The laundry service market is expected to be worth more than $100 billion by 2025. Owning a Tide Cleaners franchise will give you a market share in this billion-dollar industry. You may enjoy year-round business since people always need their clothes cleaned.
With Tide Cleaners, you will be part of one of the largest dry cleaning companies in the country. Tide Cleaners is a company with proven success. They hire the best, offer excellent training, and always provide efficient and professional service. Customer loyalty and a good reputation, drawing in more clients, may be achieved with a Tide Cleaners franchise.
You’ll want to make sure you have enough capital available to cover an initial investment. This will include a franchise fee and other startup costs. You should also be prepared for ongoing fees. These will include royalty fees, advertising fees, and potential renewal fees. Franchisees will also be expected to meet the company's set net worth and liquid capital requirements.
How To Open a Tide Cleaners Franchise
To become a potential franchisee with Tide Cleaners, you’ll fill out an inquiry form. A franchise team member may reach out to you with an initial phone call if they want to learn more about you. After that, you may attend an informational webinar that contains in-depth information on the Tide Cleaners brand, vision, financial assistance offered, and the overall costs. A franchise team member may then send you their Franchise Disclosure Document to review.
At this point, you can submit a request for consideration together with your resume, financial statements, and any other required documentation. A franchise team member will help you conduct a market review and find available territories for your potential Tide Cleaners franchise. You may also have an opportunity to visit company headquarters in Cincinnati, Ohio. After this, you may receive operations approval. After that, you will finally get to sign the franchise agreement once the board approves.
Once you’ve signed on board, you will attend an in-depth training course to learn how to manage day-to-day operations. Before long, your Tide Cleaners franchise will be ready to take on everyone's dirty laundry.
Company Overview
About Tide Cleaners
- Industry
- Services (Other)
- Related Categories
- Dry Cleaning & Laundry Services
- Founded
- 2008
- Parent Company
- Agile Pursuits Franchising Inc.
- Leadership
- Andy Gibson, CEO
- Corporate Address
-
2 Procter & Gamble Plaza, #TE-16
Cincinnati, OH 45202
Business Overview
- Franchising Since
- 2009 (2023-2009 years)
- # of employees at HQ
- 100
- Where seeking
-
This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
- # of Units
- 226 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Tide 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
Information Circle - $50,000
-
Initial Investment
Information Circle - $703,500 - $1,477,400
-
Net Worth Requirement
Information Circle - $2,000,000
-
Cash Requirement
Information Circle - $750,000
-
Royalty Fee
Information Circle - 6.5%
-
Ad Royalty Fee
Information Circle - 4%
-
Term of Agreement
Information Circle - 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
- Tide Cleaners has relationships with third-party sources which offer financing to cover the following: franchise fee, 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
- 176 hours
- Classroom Training
- 28 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 12-15
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Tide Cleaners? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Tide Cleaners landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Tide Cleaners ranked on other franchise lists? Find out below.
Ranked #1 in Dry Cleaning & Laundry Services in 2022
These are the companies that not only ranked in this year’s highly competitive Franchise 500, but ranked #1 in their respective industry categories.
Ranked #254 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
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