Lapels
#340

Initial Investment

LOW: $81,502
HIGH: $529,911

Change in Units

+13.0% +9 UNITS (1 Year)
+29.0% +20 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

2000

Franchising Since

2001 (15 Years)

Corporate Address

962 Washington St. Hanover, MA 02339

CEO

Kevin Dubois

Parent Company

Next Step Franchising Inc.

Financials

Financial Requirements

Initial Investment

$81,502 - $529,911

Net-worth Requirement

$100,000 - $500,000

Liquid Cash Requirement

$80,000 - $250,000

Ongoing Fees

Initial Franchise Fee

$15,000 - $25,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

2%

Financing Options

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

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

  • 2016 - 340

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 9 days

Training at headquarters: 5 days

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Absentee Ownership Allowed

Number of employees required to run: 4

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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: August 15th, 2016

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Previous Years Rankings

2016 2015 2014 2013 2012